TDS would be deducted or not

This query is : Resolved 

Quick Summary
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.

17 October 2020 whether TDS would be deducted on security money on Advance given to landlord.

17 October 2020 No TDS applicable on such security deposit.

17 October 2020 if adjusted in future with rent,
still applicable or not.

17 October 2020 At that time of adjustment TDS applicable.


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