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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Salary Income |
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My income from let out house property is negative. Can I ask my employer to consider this loss against my salary income while computing the TDS on my salary? |
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Ans. Yes but only to the extent of Rs. 2 lakh, however, losses other than losses under the head ‘Income from house property’ cannot be set-off while determining the TDS from salary. |
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