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TDS on Refundable security deposit of Rent

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(Querist)
21 October 2010 Hello,

Is TDS is applicable in Security Deposit of Rent.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 October 2010 Income tax need not be deducted at source on refundable rent deposit. Pl refer CBDT Circular 718 dated 22-8-1995. (question no.2)
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CA Navin Jain

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CA Navin Jain (Expert)
21 October 2010 if adjusted with rent than deduct tds and if refundable no need to deduct tds
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taxindiaconnect

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taxindiaconnect (Expert)
21 October 2010 Agreed with both the experts

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