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Mohamed Subair (na)     03 July 2012

House rent by cheque/receipt

I have rented my house for 11 month agreement starting from March 2012 thru Jan 31, 2013 in Mettupalayam , Coimbatore City for a businessman. Verbally he agreed to pay rent in cash. But now he is saying that he will pay rent only in cheque and also he needs a receipt for it. Otherwise he will not pay rent hereafter. 

Is it advisable to accept cheque and give a receipt to tennant?  Will it create any furthur problems?  Please advise.

Thanks.

Subair



Learning

 1 Replies

Sanyam Malhotra (Advocate)     04 July 2012

no problems apart from income tax liabilities


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