What points must be kept in mind while Drafting a Rent Agreement for claiming HRA Exemption ?
Will a Rent Agreement on a Revenue Stamp Paper be sufficient , if the employee also provides Rent
Receipt & PAN Details of the House Owner ?
Plz Help
Nishant (Accounts Assistant) (378 Points)
25 June 2014What points must be kept in mind while Drafting a Rent Agreement for claiming HRA Exemption ?
Will a Rent Agreement on a Revenue Stamp Paper be sufficient , if the employee also provides Rent
Receipt & PAN Details of the House Owner ?
Plz Help
Mihir
(Wealth Manager)
(5293 Points)
Replied 25 June 2014
Leave and licence agreement has to be made on a non-judicial stamp paper of Rs. 100/-. It will require two witnesses. And it is better to get it registered.
Nishant
(Accounts Assistant)
(378 Points)
Replied 25 June 2014
Dear Mihir sir , but when i went to purchase the revenue stamp from the revenue stamp authorities, they are saying that from now on, as per Article 36A of the the Bombay Stamp Act,1958 the non-judicial stamp paper of Rs.100 wont suffice for a Rent Agreement.
Kindly advise what to do in such a case?
Thanks
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 26 June 2014
Mihir
(Wealth Manager)
(5293 Points)
Replied 26 June 2014
Nishant
(Accounts Assistant)
(378 Points)
Replied 26 June 2014
Thank you Mihir Sir , for the prompt reply ,as always
CAclubindia
