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Is security deposit subject to tds?

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(Querist)
20 July 2014 Dear friends and eminent experts,

I am facing severe problem regarding this matter. The question is:

Suppose an entity is receiving rent after deduction of tds, then is the security deposit which the landlord has taken also subject to TDS?

If no, then how can it be adjusted if the deductor (tenant) has already deducted tax in the security deposit paid by him?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 July 2014 no. security deposit is not subject to TDS. If TDS has already been deducted, then adjust it against future TDS liability on the rent

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