Tax on house rent security deposit

Udgam Koomar (Tax Technologist) (1949 Points)

30 June 2015  

Hello, my house has been rented and I have received 10 months of security deposit as advance wheich I will have to refund at the end of the rent lease, no TDS has been done on this amount. Now I want to ask do I have to include this deposit in my overall income in the ITR return. If yes then when I refund then how to compensate for this?