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Taxability of security deposit forfeited

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26 July 2014 Pls tell the treatment of security deposit i.e not adjusted against rent & has been forfeited by the landlord. Pls tell whether such forfeited amount will be taxable or exempt under income tax act. Kindly give reference of sections & case laws, if any.

26 July 2014 there is no exemption. it should be taxed under house property itself.

29 July 2014 refer sec 22 charging section and taxable as income from house property.




29 July 2014 refer sec 22 charging section and taxable as income from house property.

23 February 2015 THANKS A LOT FOR THE SOLUTIONS.



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