Tds on security deposit

TDS 1735 views 2 replies

Whether TDS is required to deduct from Security Deposit & canteen Contractor deducted from Security /Canteen Bill Every Month

Note :Security Deposit is refundable at the end of the contract except any damages

Replies (2)

If SD is refundable, no need to deduct tax on it at source. But if payments are made to contractor against monthly bills, then tax is deductible as per 194C

Tds is not deductible on payments which is non- refundable u can inform them about it as there is no liability on them otherwise file return to claim which is deducted as part of Tds..


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