TDS would be deducted or not

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This discussion clarifies whether Tax Deducted at Source (TDS) applies to security money paid to a landlord. Generally, TDS is not applicable on the initial security deposit. However, if this security deposit is later adjusted against rent payments, TDS will become applicable at the time of that adjustment.

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(Querist)
17 October 2020 whether TDS would be deducted on security money on Advance given to landlord.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 October 2020 No TDS applicable on such security deposit.
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Daya

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Daya (Querist)
17 October 2020 if adjusted in future with rent,
still applicable or not.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 October 2020 At that time of adjustment TDS applicable.
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