HEAVY DEPOSIT AMT

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189 Points Joined August 2016
HII

I HAVE A QUERY

IF I AM GIVING MY FLAT TO A ANOTHER PERSON ON HEAVY DEPOSIT

SO THAT DEPOSIT AMT WHERE I HAVE TO SHOW IN ITR

KINDLY HELP
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On 25 May 2023 at 11:11 Report
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ACCOUNTS MANAGER
2206 Points Joined December 2012

UNDER CREDITORS.... ...............

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On 25 May 2023 at 11:41
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GST Practitioner & Accounts
15029 Points Joined March 2014
If deposit refundable in future then it should be under " other Current liability. "
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On 25 May 2023 at 14:05
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Com
54 Points Joined March 2023

I don't think in this case you will be returning the deposit...

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On 25 May 2023 at 15:09
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Ober
63 Points Joined March 2023

Notional interest over the deposit is treated as rent for taxation purpose.

2 Reply
On 26 May 2023 at 09:34
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CA
10436 Points Joined March 2019
Agreed with above
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On 03 June 2023 at 16:51


CCI Pro

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