Security deposit received from tenant as hp

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ramanamma (Querist)
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15 June 2013 Advanced received from house property for 3 months security deposit from tenant as refundable interest fee deposit is taxable in the head income from house property.????
In which year it is taxable ///
is it need to considered in house property income.

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CA Kapil Verma

CA Kapil Verma (Expert)
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15 June 2013 refundable security deposit is not a income so no need to pay income tax on it.

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Ganeshbabu K

Ganeshbabu K (Expert)
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15 June 2013 refundable deposit is not taxable.

it is taxable in the year if it is adjusted to rent ...

Thanks ®ards
Ganeshbabu k

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ramanamma

ramanamma (Querist)
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15 June 2013 Thank you experts

Really thanks to CAclubindia and especially to experts .

Really i clarified so many my queries and received answers also immediately .
Really i enjoy happiness with My and ours CAclubindia
i will share my queries in future also same. thank you experts
thank u CAclubindia.
Thank u

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