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    <title>Set off of loss on house property against salary</title>
    <link>https://www.taxtmi.com/forum/issue?id=567</link>
    <description>The question concerns whether an employer may set off a net loss under House Property (from housing loan interest) against an employee&#039;s Salary for TDS purposes. One reply affirms such set-off is allowable and, if the property is let out, rent must be taken as income when computing house property income; a second reply disagrees, stating house property loss cannot be set off against salary.</description>
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    <pubDate>Tue, 23 Oct 2007 09:33:27 +0530</pubDate>
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      <title>Set off of loss on house property against salary</title>
      <link>https://www.taxtmi.com/forum/issue?id=567</link>
      <description>The question concerns whether an employer may set off a net loss under House Property (from housing loan interest) against an employee&#039;s Salary for TDS purposes. One reply affirms such set-off is allowable and, if the property is let out, rent must be taken as income when computing house property income; a second reply disagrees, stating house property loss cannot be set off against salary.</description>
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      <law>Income Tax</law>
      <pubDate>Tue, 23 Oct 2007 09:33:27 +0530</pubDate>
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