Proof to be given to employer for adjustment of House Property Loss from Salary Income

By | July 18, 2017
(Last Updated On: July 18, 2018)

What are the proof to be submitted  to employer for adjustment of House Property Loss from Salary Income

The employee has to furnish before the employer a

i) certificate from the person to whom any interest is payable on the borrowed capital specifying the amount of interest payable.

In case a new loan is taken to repay the earlier loan, then the certificate should also show the details of Principal and Interest of the loan so repaid. [ Section 24(b) of Income tax Act ]

ii) For Deduction of interest under the head “Income from house property“. Employee has to submit Name, address and permanent account number of the lender. [ Rule 26C of Income tax Rules ]

iii) Form No. 12BB. (Furnishing of evidence of claims by employee for deduction of tax u/s 192).

Related Post

Standard deduction from salary income w.e.f FY 2018-19 (AY 2019-20)

Govt clarify standard deduction to pension received from former employer: Press Release 05.04.2018

Pension income taxed as salary income?

Salary From More Than One Employer : Discharge of income Tax Liability

salary income and Income Tax Questions

Income Tax Books

Income Tax Press Release

Income Tax Act 1961

Income Tax Forms

Income Tax Rules 1962

Income Tax Notifications

Income Tax Circulars

Income Tax Instructions

Income Tax Office Memorandum

Income Tax Judgments

Income Tax FAQ

Income Tax Video Tutorial

Leave a Reply

Your email address will not be published. Required fields are marked *