banner_ad

Tds

TDS / TCS 1324 views 7 replies

Whether TDS shall be deducted on deposit amount given for a property on rent of residential purpose?

Replies (7)

No dear..

No. TDS are not deducted on deposit amt.

If the deposit is not refundable, i.e to say if it is adjustable against rent in some equal installment, or as per any customized formula in the agreement,  then TDS should be done, otherwise no.

Deposit is not an expenditure, if not adjustable in rent, so no need to deduct TDS.

YES ..AGREE WITH ALL

SECURITY DEPOSIT IS REFUNDEABLE 

NO TDS IS DEDUCTED.

Deposit is not an expences. Hence there is no TDS deduction. But if the same adjusted against rent and the rent amount is more than 1.8 lakhs that you suppose to deduct the TDS. Since it is residential purpose there is no qustion of TDS at all.

SECURITY DEPOSIT NO TDS WILL BE ATTRACTED.

no security deposit par tds is not applicable


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details