5 replies on this article “Does a landlord need to pay tax on security deposit ?”

1. ashalanshu says:

   April 30, 2014 at 9:20 pm

   Dear Sambaran, please check below for you reference.

   caclubindia. com/forum/rent-income-small-rent-big-security-deposit-dilemma-278513.asp#.U2EZ14H7I8o

   Thanks

   Ashal

   Reply
2. Sambaran Mitra says:

   April 30, 2014 at 12:56 pm

   Thanks Ashal. Could you show me the link/section-of-IT-act which specifies the same?

   Reply
3. ashalanshu says:

   April 30, 2014 at 11:53 am

   Dear Sambaran, the security deposit is non taxable but in case land lord invests the money some where and earns any income from security deposit, that income may be taxable depending upon the nature of income and instrument, the money invested in.

   Thanks

   Ashal

   Reply
4. Sambaran Mitra says:

   April 30, 2014 at 8:50 am

   There will be regular rent also. The 10M rent is a refundable security deposit in hands of landlord if tenant turns nasty. That money is supposed to be returned back to tenant at the time of vacating the property.

   Reply
5. ashalanshu says:

   April 30, 2014 at 1:38 am

   Dear Sambaran, after paying the deposit are you paying regular rent also or is it 10M rent in advance?

   Thanks

   Ashal

   Reply

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