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
6 Replies
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
@ ashok... they may be correct because i have also executed rent agreement on non judicial stamp paper of 1000.
Mihir
(Wealth Manager)
(5293 Points)
Replied 26 June 2014
If that is the case, then you may purchase non-judicial stamp paper of Rs. 1000/-.
Nishant
(Accounts Assistant)
(378 Points)
Replied 26 June 2014
Thank you Mihir Sir , for the prompt reply ,as always
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