Rent expense
Pooja kewalramani (Chartered Accountant) (98 Points)
25 December 2016Pooja kewalramani (Chartered Accountant) (98 Points)
25 December 2016
Suresh
(Learning)
(155 Points)
Replied 25 December 2016
For which state you are asking? Yes you need to intimate about the change in Address in prescribed form to VAT Authorities along with the latest rent agreement. There are different forms like Form VAT 112, Form VAT 108. Once you intimate the changes,advisory visit will be done by the concerned officer .
Regarding Incometax client should obtain rent agreement from the owner. Also in case of Tax Audit , he has to deduct TDS on rent being paid as it is exceeding Rs.1,80,000/- per Annum.
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