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Baljeet Singh (Querist)
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14 July 2009 Hello Friends,

What is the treatment of Following Security Deposits in Books of Accounts:

a) Refundable Security
b) Non Refundable Security

Which of them is Liable to TDS?????

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 July 2009 Tax is to be deducted u/s 194I from non-refundable deposit. If the said deposit carries interest, tax is to be deducted from that interest also u/s 194A.

Ref:-Circular no 718 (question no.2) reported in 215 ITR (St) 68.