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Taxability of security deposit forfeited

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(Querist)
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.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
26 July 2014 there is no exemption. it should be taxed under house property itself.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 July 2014 refer sec 22 charging section and taxable as income from house property.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 July 2014 refer sec 22 charging section and taxable as income from house property.
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neetu

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neetu (Querist)
23 February 2015 THANKS A LOT FOR THE SOLUTIONS.
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