Rent receipt sufficient to prove payment of tax or filing of tax


Recently I've given my flat for rent. The licensee has Request to acept rent by cash monthly and issue rent receipt. Is it ok to take cash and issue recipet for tax filling and hope there will be no litigation arising whatssoever legally. Is rent recipt sufficient to prove payment for tax and legal purposes


Answers (2)

It's depned upon you amount ? How much amount you are receiving in cash ?? Which type of rent receipt he want? You have answered this question then I will guide you on this
Such rent income comes under income tax act 1961 so while doing yours yearly income tax return..


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

From your query understand that you have rented a residential flat for residential purposes and there is no ongoing litigations hence giving reply accordingly
Cash or bank transfer doesn't matter as long as you are paying appropriate taxes and the same is accurately reflected in your Returns.
When I say taxes I mean only income tax as GST is not applicable on Renting of immovable property for non commercial purposes.
Just ensure that the rent receipts, registered agreement and your income tax returns have same figures, there should not be an issue.

Popular Tax Lawyers

Advocate Shikhar Khare
Jangpura Extension, Delhi
6 years Experience
Advocate Barkha Bhalla
Banjara Hills, Hyderabad
16 years Experience
Advocate Rohit Ranjan Sinha
Pur Pundag, Ranchi
11 years Experience
Advocate Nagendra Prasad
Kumara Park West, Bangalore
32 years Experience

"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Tax Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.

Similar questions

Need to understand Service Tax accounting for platform like ours which is an aggregator of Meeting rooms (we work on similar lines as of Makemytrip or…

Read More

Is there an income tax liability on a Gift of immovable property that I have received?…

Read More

Hello I am 21 year old and I m studying b.com my father is a businessman and his annual income is 180000 my mother wanted to purchase a site in Bangal…

Read More

dear in demonitization time i depoisted 711000rs in two bank accounts i got notice from income tax department for source, some amount given by relativ…

Read More

Talk to a lawyer for your legal issue