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Riyaz (AM)     01 August 2012

Leave & license agreement query.

Hi,

I was unable to summit Leave & license agreement in the month of April 2012, due to unavailable of property owner & I was declaring 19,500/PM, now I’m making the agreement,

 

Could I prepare agreement period from 1st April 2012 to 31st Mar 2013 of rent amount 23,000/PM,or I need to prepare agreement period 1 Aug 2012 to 31st july 2013,

 

Also my company would be considering HRA exemption from April 2012 to Mar 2013 or Aug 2012 to Mar 2013 of revised rent of Rs 23,000/PM.

 

Pls confirm.

 

Riyaz



Learning

 2 Replies

V. VASUDEVAN (LEGAL COUNSEL)     08 August 2012

The agreement can be retrispective - it can be done from April 2012 and also can be filed for IT benefits with HR. While you prepare agreement the date of agreement would be current - you need to mention that the agreement would be effective from 1st APril 2012 ....

Vasudevan

R RAJAGOPALAN (ADVOCATE)     08 August 2012

The Agreement can be made now, with  retrospective effect from 1st April2012. A copy of the Agreement with  copies of the Rent Receipts, may be furnished to your employer, now. the 


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