Q. is tds required to be deducted on security deposit for rent to NRI landlord

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Question added Apr 2 Income Tax By Veena Mangla, CA, Inder Enclave
hello

A person a taking a flat on rent from NRI

Security deposit : Rs. 1Lakh

Advance rent : 60,000

Is tds @ 31.2% required on Rent only or need to be deducted on security deposit too

Also , what all other complainces to be done in this regard?

2 Answers

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answered Apr 2 By CA MANOJ PAHWA, CA, LL.B, Connaught Place, New Delhi
no tds on security deposit
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answered Apr 2 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
View of Manoj ji is right. No TDS on security deposit.

Concept by CA Pramod Jain

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