TDS applicability on security deposit forfeited by lessor
This query is : Open
24 February 2021
Lessor forfiting 50% of security deposit on account of early vacating premise taken on long lease.
Do i need to collect and deposit TDS on amount forfited?
If yes, under which section?
if no, what would be the argument in support of not collecting and depositing TDS?
Do i need to collect and deposit TDS on amount forfited?
If yes, under which section?
if no, what would be the argument in support of not collecting and depositing TDS?
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