Question ID : 2777

Rented out house property

Dear Sirs,
Kdly advice on the followg two issues, with case w references, if any:
1. Whether own (employees) house rented out to the company for more than 300 days and given back as rent free accomodation by the company to the employee, will be an exempt asset ?
2. Whether there is any exemption for house property, which could not be occupied beg broken down or habitable ? '

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