Is service tax applicable on forfeiture of security deposit

Tirumalesh (Chartered Accountant) (34 Points)

25 April 2016  

Kindly advice the applicability of Service Tax on Forfeiture of Security deposit in a Lease agreement.: - Q.1. Does this needs to be taxed as rent?   Q.2. If yes, is service tax applicable?   Q.3. Also please advice on the applicability of service tax on compensation to be paid on cancellation of lease agreement before the expiry of term?

Thank you