Regarding Rental Agreement.?

Question

Please tell me whether the rent should be mentioned in the Rental agreement for filling IT...As one of my frineds Rental Agreement was rejected as as the rent was not mentioned...Whether he has to resubmit a new agreement or he can make changes in the existing agreement.??

Answer 1

You might not need to have a rent agreement to file IT returns. Rent receipts would do. In case if your HRA is less than 3000 Rs, even that is not required. But it would be a good idea to keep the receipts/ agreements in case the the the IT department does some verification. Check this rediff link for exact information: http://in.rediff.com/money/2007/jan/09perfin.htm

Answer 2

To give you correct information, as to the link above which may or may not apply to you depending on the state you live in as well as the country.

On all my leases the rent was mentioned at the beginning of the lease. It stated my name, my previous address, the term of the lease, and how much I was paying monthly.

He will have to submit a new rental agreement with the changes and will have to have everyone resign. That is the correct way to do things.

I know that when I signed my first rental agreement I did not like the lease of the term (nor did mymother) and I had to go back and resign all the information with the dates changed.

The reason why is you would want the orignal signature on all the documents that has been chaged even if it's something like the date or in your case the amount being charged for rent.

Answer 3

You cannot have a separate rental agreement for yourself and one for the income tax. Agreement without rental details in invalid agreement and this does not help you. The I.T. official has rightly rejected the 'agreement without details'. It is advisable to re-enter in to agreement with the commencement date as originally envisaged. Too many corrections in the agreement lead to further suspicion and may not be held as a valid document in case if has to pass the test of Law.

Answer 4

whilst a tenant is to maintain the backyard that's criminal to cost for a mowing at circulate out if it has no longer been completed. All they are able to circulate by skill of is what they see. If it would not look like it extremely is been completed then they have not any way of understanding. in case you are able to instruct which you merely did it some days in the past then they could desire to no longer value you. particular they're interior the incorrect for no longer offering the mower as agreed, although that's merely too previous through do something approximately that now. you're able to desire to have taken further action on the time. by skill of merely dealing with it you agreed to the exchange. whilst the two tenant or landlord does some thing it extremely is a contravention of the hire and the indignant social gathering ignores the area they legally comply with it. yet another occasion of that's in case you had an unauthorized puppy, the owner observed it & did no longer do something approximately it then the puppy is now allowed. they can't come returned months down the line & determine to evict you for the puppy. those issues go the two procedures.

Answer 5

All pertinent info (including rent amount) should be on the contract as well as a time frame for beginning date to ending date and signed by all parties involved. If he changes the original agreement, he needs permission (usually initials or signature) of the Landlord.

Answer 6

sure, it must be mentioned

also if once rejected you have to resubmit new forms again for considerations

Answer 7

A rental agreement is a contract, usually written, between the owner of a property and a renter who desires to have temporary possession of the property. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term. The owner of the property may be referred to as the lessor and the renter as the lessee.

All natural or legal profit and non profit persons, ministries, state
enterprises, municipalities and other State departments employing two or
more employees in any month of a year are required to withhold taxes as
provided in Article 4 of this Law from all salary and wage payments and
pay the amount withheld to the Government account.
58.1 Individuals and legal persons who employ other persons are required to
withhold taxes from salaries and wages paid.
Example 1: An individual is in the business of building houses. He has from five to
twenty workmen in his employ who earn taxable income. This
individual is required to withhold taxes from salaries and wages paid
to his employees.
Example 2: The same individual enters into a partnership with another person in
order to raise capital and take on bigger construction projects. The
partnership is required to withhold taxes from the wages of any
workman whose wages are high enough to be taxable.
58.2 Persons who are not on the payroll, but are hired to perform some service for
remuneration that is not wages or salary, are not employees. The
remuneration of such persons is not subject to tax withholding.
Example 1: A company hires an electrician to repair the electric wiring in its
warehouse. The electrician agrees to do the work for Afs. 2,000 plus
cost of materials used. Since this workman is not an employee on the
payroll of the company but an independent contractor, the company is
not required to withhold taxes from the amount paid to him.
Example 2: A company hires a plumber to install plumbing in its offices. This
plumber is hired with the understanding that he will be paid the retail
price for all fixtures, fittings, and pipe installed, plus labor costs, and a
specified percentage of profit. The company pays the plumber on this
basis as billed by the plumber. The company is not required to
withhold taxes since the plumber is an independent contractor.
Example 3: A company hires a workman to build a brick wall around its storage
yard. The workmen and their supervisors are paid daily wages by the
company. Even though these workmen are only temporarily on its
payroll, the company is required to withhold taxes.

Rent withholding tax on buildings and houses
Article 59. (1) Payments of rent for buildings and houses which are rented to legal
persons or natural persons and are used for business purposes or
offices where the monthly rent is more than 15,000 afghanis are
subject to a 20 percent income tax.
(2) Tenants of buildings and houses mentioned in paragraph (1) of this
Article are required to pay taxes according to the rulings issued by the
Ministry of Finance.
(3) Tax collected under paragraph (1) of this Article is paid by the tenant
in respect of the income tax liability of the landlord under this Law.
This tax shall be treated as a prepayment of the tax liability of the
landlord and shall be credited at the time of annual tax payment. In
the event of a dispute about the amount of rent owed by a tenant, the
tenant will be treated as having paid to the landlord as rent any tax
that was paid to the relevant authorities under this Article.
(4) Payments for rental services include:
- any money, goods or services or any other benefit received by a
person or persons for rental services; and
- the cost of any repairs, renovations or improvements to the
property carried out by the tenant.
(5) If the rental payment of a property is less than the actual rental value
of the property, the Ministry of Finance by its authorized panel will
calculate the rent according to the market value.
(6) Property dealers are required to send a copy of the agreement to the
Ministry of Finance as soon as it is signed. If a property dealer makes
a false agreement or delays sending the agreement, the Ministry of
Finance will officially notify the Ministry of Justice to take necessary
action.
(7) Where it is proven that the rent in a lease agreement is more than 20
percent lower than the market value rent, paragraph (5) of this Article
will be applied. In the case of a dispute on market value of the rent,
the onus is on the landlord to prove that the rate fixed by the Ministry
of Finance is not correct. This provision applies where the Ministry of
Finance finds evidence and documents which show that the rent
mentioned in the contract is less than what is paid. In this case, the
Ministry of Finance may require the landlord to lease the property to
the Ministry of Finance at the end of the current lease for a period
twice the period set out in the current lease for the rental price set out
in the current lease.
(8) If the tax has not been paid within 15 days of the due date, the
following rules will apply
(1) Subject to a notice in writing by the Ministry of Finance, the
right of the landlord in a lease agreement or similar contract
to receive payment for rental services shall be treated as if it
has been temporarily transferred to the Ministry of Finance as
representative of the Government of Afghanistan;
(2) If the tenant has not paid the tax due within 30 days after
receiving notice from the Ministry of Finance of the amount
overdue, the right of the landlord in a lease agreement or
similar contract to evict tenants for non-payment of rent shall
be treated as if it has been transferred to the Ministry of
Finance as representative of the Government of Afghanistan.
This arrangement will remain in place until the Ministry of
Finance receives the rental tax due and any additional income
tax payable in accordance with Chapter XVI of this law.


for more details
http://72.14.235.104/search?q=cache:qXihCDx0N38J:www.mof.gov.af/tax/pdf/ITL%2520Manual%2520-%2520Chapter%252009%2520(final).pdf+rental+agreement+should+mention+amount+of+rent+for+income+tax+return&hl=en&gl=in&ct=clnk&cd=6&client=firefox-a