In the event that the worker resides in his own house and does not pay rent, the entire amount would be taxable. Each year, the lease is renewed after 11 months with the increased rent. If you are still confused by these details and want to create a rental receipt online: CLICK TO GENERATE RENTAL INCOME The employer usually asks for a lease as proof, even if the rent is less than Rs 8333. They usually need to be provided from December to February if the employer asks for it to calculate your net tax debt. The standard lease is only concluded for 11 months. Indeed, in accordance with the Registration Act, 1908, clause (d) of subsection (1), the registration of the leased real estate for one year or more than one year is mandatory renewable/renewable contracts of three to five years can also be concluded and registered. However, stamp duty and registration fees may vary for a longer period of time. . .

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