Rent agreement

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Vivek Chavda (Querist)
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19 April 2013 Is it necessary to have a rent agreement to claim rent exps. even if you have paid the rent by cheque and duly deducted the TDS thereon u/s 194I ?

Aalok Chhaperwal

Aalok Chhaperwal (Expert)
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19 April 2013 Yes, Rent Agreement is a legal document, required for IT assessments.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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19 April 2013 I don't think rent agreement is necessary. when you are paying rent with cheques then it is ok.
but it is for individual case.
if you are talking about Company, firm etc then rent agreement is necessary, but it is not for claiming expense. if you paid via cheque then it is OK but ITO can ask for agreement. So it is advised to get rent agreement

Vivek Chavda

Vivek Chavda (Querist)
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20 April 2013 The Ld. AO has already made the disallowance of Rent Exps. in absence of rent agreement. This is the case of an NBFC company. I need any judgment in respect of this.. Any body can help me.

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