POSTED BY December 10, 2013 10:38 am COMMENTS (2)ON
I am a software engineer by profession living in Durgapur a town in West Bengal. I am claiming 8000/month as rent given to my tenant and giving the rent receipt as a proof. But my company\’s CA is telling that i need to show Rent Agreement if the rent paid is >4999.
I know about the recent PAN card mandatory of Tenant if the annual rent paid is >1lac. But i have not seen any requirement of the rent agreement. Is it really needed? Can you help me out? Thanx in advance