Rental Agreement As A Proof For Rent Payment

Hi All,
Happy 2008!

It is the time for us to collect the investment proofs for the accounting year 2007-08.
I have a query about collecting the rental agreement by the employees, along with the rent receipts.:roll:
Is it mandatory to collect the rental/lease agreement? If yes, can you please give the details of any such circulars by the IT Dept?
Your answers are very valuable.
Regards,
Smitha.V.A

At times it also happens that people dont make rent agreements. This culture is mainly popular in apartments. so u can ignore rent agreement and ask for rent recipts

:P :P :P :P :P :P
my frnd purchased a receipt book, used to put imaginary rent amount and used to sign it on received rs.XXX as rent,, i.e as house owner himself...
lots of ppl do this to save tax....
nothing new in this,, just accept wat u get.
thxx