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Tds against security deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 April 2011 Respected sir,

We are paying 2,00,000/- as a security, depostied to a contractor.

Now my question is:- TDS will be applicable or not against security amount of a contractor.

With Reagards,
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CA Navin Jain

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CA Navin Jain (Expert)
22 April 2011 if security is refundable then no need to deduct tds but if its adjustable in future against invoices then tds will applicable

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