While accepting rent receipts from employees, is it necessary to collect copy of Rent Agreement or receipts are enough?
Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
17 February 2016While accepting rent receipts from employees, is it necessary to collect copy of Rent Agreement or receipts are enough?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 17 February 2016
It depends on the amount of rent paid. For details:
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)