Hello Everyone,
Someone please help me with the below mentioned query :-
An Office space is rented (we are the tenants) and the same address is registered in MCA for company incorporation. Rent agreement of this property is between Owner of the property and Director.
Query :- Can we pay rent of this property from company's current account and show the rent as expense in company's books of accounts. Please help.
Kindly note that there is a clause in Rent agreement that we cannot sublet the property and we have to pay all other charges to owner of the propery.
If the rent agreement is for Business/office premise, you can.
CAclubindia
