https://www.taxtmi.com/forum/issue?id=2993 Refundable, interest-free security deposits taken as protection against damage or default are ordinarily not part of the taxable value of a renting service; however, tax exposure can arise if the deposit functions to reduce contractual rent, if it is adjusted against outstanding rent (making that portion taxable), or if an identifiable interest benefit from an interest-free deposit is treated as taxable consideration. en-us Sat, 07 May 2011 09:47:17 +0530 Thu, 23 Jan 2025 15:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2993 Refundable, interest-free security deposits taken as protection against damage or default are ordinarily not part of the taxable value of a renting service; however, tax exposure can arise if the deposit functions to reduce contractual rent, if it is adjusted against outstanding rent (making that portion taxable), or if an identifiable interest benefit from an interest-free deposit is treated as taxable consideration. Discussion-Forum Service Tax Sat, 07 May 2011 09:47:17 +0530 https://www.taxtmi.com/forum/issue?id=2993