Office on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2015
Is there is any case law to prove this?
Mr. X, Director of Co. XYZ Pvt. Ltd. has made a simple rent
agreement with the Landlord in his own name. But the place is utilized
by the Co. Can the Co. claim the rent expense in its books of accounts?
If no, then suggest some other way by which the rent expense can be
claimed. Is it mandatory to make a proper Leave and License
Agreement between Mr. X and the Landlord?
Mr. X, Director of Co. XYZ Pvt. Ltd. has made a simple rent
agreement with the Landlord in his own name. But the place is utilized
by the Co. Can the Co. claim the rent expense in its books of accounts?
If no, then suggest some other way by which the rent expense can be
claimed. Is it mandatory to make a proper Leave and License
Agreement between Mr. X and the Landlord?
18 February 2015
if agreement is not with compapany then no rent paid shall be allowed when ao comes to knows about this
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2015
The resolution is passed to give effect that, the premises is used by company and rent is also paid by company only. then?????
18 February 2015
if it is paid by company then ao may argue why the agreement is not in name of co as a party to agreement?
so in this case you can claim the rent paid but then surely while making assessment thnis question shall be raised?
so in this case you can claim the rent paid but then surely while making assessment thnis question shall be raised?
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