Draft of rent agreement for Paying Guest (HRA benifit)

Tax queries 16739 views 3 replies

sudhir

Software Engineer

43 Points Posted on 02 February 2010

Hi,

I am staying as a paying guest. I need to make an agreement with the owner to get the income tax benefit of the rent amount that I am paying to him. I saw draft for leave and license agreement but as per my landlord that can not be used for paying guest accomodation. We have any such format.

if any one can help me by providing any draft or provide some more information about this, would be very helpful.

thanks,

Sudhir

Replies (3)

Rachit

Analyst

913 Points Posted on 02 February 2010

Mr. Sudhir,

Please go through the attached file.

Kindly make the Necessary amendments / modifications where ever required to suit your requirement.

sudhir

Software Engineer

43 Points Posted on 02 February 2010

Originally posted by : Rachit
	Mr. Sudhir, Please go through the attached file. Kindly make the Necessary amendments / modifications where ever required to suit your requirement.

Hi Rachit,

Thanks for the reply. I checked the same. It is draft document for leave and license agreement where owner gives the complete propety to the tenant. In my case it is P.G. accomodation case where My owner is staying with me, we are sharing a flat. I am a paying guest to him.

thanks,

Sudhir

Amir

Learner

4016 Points Posted on 02 February 2010

Dear Sudhir,

For claiming Exemption of HRA, Rent agreement is not necessary, what is required is rent receipts...

EVEN FOR RENT RECEIPTS NO FORMAT IS PRESCRIBED,

"Received with thanks from Mr. XYZ, a cheque. of Rs. 10,000/- dated 02.02.2010 drawn on ABC Bank, as a rent for letting out of the property situated at ....................for the period of Feburary 2010.

S/d

Owner/ Landlord"