Tds on security deposit

Is it Mandatory for the Promoter in a Land/Construction Joint Venture to deduct TDS on the Security Deposit given at the time of entering into the JDA ? Is it Mandatory to do so as per the IT Act?
Replies (3)

Act Dosent says to deduct TDS on security deposit.

Act Dosent says to deduct TDS on security deposit.

Thank you for your reply.

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