if a person is paying rent to their parent and online transaction of rent is there, then is rental agreement still needed and if yes then simple agreement on stamp paper works or does it have to be notarized one?
4 Replies
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 16 July 2022
No need of any stamp paper, just get a simple agreement on the paper and get it signed..
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 July 2022
Depends on purpose of such rent agreement, otherwise for general you can make single agreement
sabyasachi mukherjee
(27574 Points)
Replied 16 July 2022
If such rental agreement is always followed as per the norms specified therein.What do you think will be the implications on the same?
Swapnil Kadam
(4 Points)
Replied 16 July 2022
Rent agreement can not be made on stamp paper even though it is between father and son. Payment of requisite stamp duty and registration fees to the government on every rent agreement is mandatory.
https://www.shreeyanshlegal.com/practice/rental-agreement-online/
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