Rent deed
This query is : Open
28 August 2014
Two Brothers "A" & "B" Purchases shop jointly having equal share of Rs:-78 Lakhs. B is conducting its own business in that shop
can "A" receive rent from "B" as A have invested funds in shop but only used by B?
Further will it be necessary to have rent deed between them for claiming rent exp in income tax. B is covered by Audit?
can "A" receive rent from "B" as A have invested funds in shop but only used by B?
Further will it be necessary to have rent deed between them for claiming rent exp in income tax. B is covered by Audit?
28 August 2014
Dear Kamlesh,
Of course A can receive rent from B.
Yes rent deed is must.
Of course A can receive rent from B.
Yes rent deed is must.
28 August 2014
is it necessary to notarise that as rent is req for april 2014 but notary will be done now
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