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TDS applicability on security deposit forfeited by lessor

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(Querist)
24 February 2021 Lessor forfiting 50% of security deposit on account of early vacating premise taken on long lease.
Do i need to collect and deposit TDS on amount forfited?
If yes, under which section?
if no, what would be the argument in support of not collecting and depositing TDS?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 February 2021 Yes, 10% TDS applicable under section 194 I. Higher lease amount collected in view of early vacation.
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Nitin Chotaliya

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Nitin Chotaliya (Querist)
08 March 2021 Thank you Sir CA R SEETHARAMAN
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