Security deposit adjustment

Prajakta save (CA STUDENT) (73 Points)

05 September 2011  

" I AM UNDERGONE A RENT AGREEMENT OWNED FLAT WITH A NEW TENANT FIRST TIME @ 15,000 P.M. WITH Rs. 45,000/- AS SECURITY DEPOSITS AGAINST THIS PROPERTY FOR 11 MONTHS TENURE & ELECTRIC BILL WILL B PAID BY TENANT ONLY."
AFTER  11 MONTHS DECIDED TO TERMINATE AGREEMENT & NOT PAID RENT FOR 3 MONTHS AS IT IS ADJUSTED AGAINST SECURITY DEPOSIT.

MY REQUEST IS HERE CAN ANYBODY PLS LET ME KNOW FOLLOWING INFORMATION : -

1) ACCOUNTING TREATMENT OF RENT & SECURITY DEPOSIT
2) ADJUSMENTS & APPLICABILITY OF TDS U/S 194 I.

3)SHALL I LIABLE TO PAY TDS ON RENT FOR THREE MONTHS .