Entire amount is given as refundable security deposit
This query is : Open
RAJESH KUMAR
(Querist)
13 May 2019
if Entire amount is given as refundable security deposit under lease agreement
and no lease rental is involved in the internvening years
How Income of the lessor will be determined for income tax perspective.
please clarify me
and no lease rental is involved in the internvening years
How Income of the lessor will be determined for income tax perspective.
please clarify me
CA R SEETHARAMAN
(Expert)
14 May 2019
Interest on such deposit, may be computed at the bank rate. That will be Income of the lessor determined for income tax perspective.
RAJESH KUMAR
(Querist)
14 May 2019
Sir,
Please provide me relevant provision
Please provide me relevant provision
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