Manager Payroll And Compliance
Hr Consultant

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We have noted that most of the time employees provide incomplete rent receipts and multiple receipts which un-necessarily waste pages and time in record keeping.
to overcome I have designed single page house rent receipt which covers everything in compliance with Income Tax.
Employer should circulate to their employees for proper record keeping.

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File Type: pdf Rent Receipt Format for full year.pdf (180.0 KB, 73 views)

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such formats may be useful for HR practice, but for legal compliance and disputes between the landlord and tenant, such rent bills will be void, under court
a rent receipt is a commercial voucher for the bonafide existence of the tenant at the specified place and legal binding of the landlord to provide all amenities,
in normal practice just one or two rent receipts with similar statement is considered good, but from the view of TDS, the auditor will not consider it good if the amount exceed the 1 lacs slab per year, he will ask for all receipts and agreement copy also, without which the HRA would get clubbed to gross taxable amount
receipts may be in electronic form also but digitally signed by the landlord, as the payment is made monthly so receipt would be issued also monthly, not in a single sheet
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