https://www.taxtmi.com/circulars?id=4820 The Board advises that the security deposit for a telex connection may be treated as a revenue expenditure deductible in the year of payment if claimed, because it does not earn interest while the equipment is installed. When the Postal Authorities refund the deposit on closure of the connection, the refund must be treated as income of the assessee in the year of refund. en-us Tue, 04 Jun 1985 00:00:00 +0530 Sat, 02 Aug 2008 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4820 The Board advises that the security deposit for a telex connection may be treated as a revenue expenditure deductible in the year of payment if claimed, because it does not earn interest while the equipment is installed. When the Postal Authorities refund the deposit on closure of the connection, the refund must be treated as income of the assessee in the year of refund. Circulars Income Tax Tue, 04 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4820