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Service tax on rent security deposit.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2012 Dear All,
Any service tax applicable on rental security deposit? The deposit is interest free refundable security deposit, Which was taken caution any damages of property etc. Pls reply soon.

With regards
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
27 November 2012 No service tax is applicable on security deposit since there is no service element involved therin

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