Legal Question in Real Estate Law in India
income tax
why rent agreement is made only for 11 months?
Asked on 8/22/08, 1:28 am
1 Answer from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Re: income tax
Earlier, rent agreements used to be unregistered and for a term of one year and more registration is compulsory.
However, with implementation of new rent acts by almost all the States, rent agreements are made of a period more than 11 months. Generally, it is made upto 3 or 5 years in one go.
Answered on 8/22/08, 3:54 am
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