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Rent Receipt

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3 Points Posted on 17 February 2020
Is rent receipt mandatory?
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On 17 February 2020 at 09:26 Report
Replies (7)
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"Do the Right Thing...!!!"
128152 Points Posted on 17 February 2020
Yes... If You are claim deduction in income tax...

Also it's better to future compliance.
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On 17 February 2020 at 09:40
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3 Points Posted on 17 February 2020
I have rent agreement and paying through Neft, is it still required.
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On 17 February 2020 at 09:42
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"Do the Right Thing...!!!"
128152 Points Posted on 17 February 2020
If paid through banking mode then no need.

But, better to collect receipt...
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On 17 February 2020 at 09:46
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Consultant
1891 Points Posted on 17 February 2020

If rent is paid via other than cash mode, then you can explain your expenditure through the bank transactions. However if you are paying rent and claiming the ITC of the GST charged on it, then invoice is mandatory.

 

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On 17 February 2020 at 10:24
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264 Points Posted on 17 February 2020
Landlord issue invoice every month for your rent payment it is enough for claim at income tax Purposes.
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On 17 February 2020 at 12:52
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"Do the Right Thing...!!!"
128152 Points Posted on 17 February 2020
If landlord issues invoice or bill then query is not required...
1 Reply
On 17 February 2020 at 13:10
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17264 Points Posted on 17 February 2020
Whenever you do NEFT for rent payment, send an email and ask for a revert email to acknowledge credit of funds to their account.
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On 17 February 2020 at 13:58


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