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    <title>Interest Free Security Deposit on Rent</title>
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    <description>Service tax applies to interest free security deposits that are non refundable, treating such deposits as taxable receipts, whereas refundable security deposits do not attract service tax; the key determinant is the deposit&#039;s refundability and the terms documented between lessor and lessee.</description>
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      <description>Service tax applies to interest free security deposits that are non refundable, treating such deposits as taxable receipts, whereas refundable security deposits do not attract service tax; the key determinant is the deposit&#039;s refundability and the terms documented between lessor and lessee.</description>
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