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of <h1>Delhi High Court Rules Security Deposit in Lease as Advance Rent, Subject to TDS u/s 194-I.</h1> The Delhi High Court case examines whether a security deposit in a lease agreement should be treated as 'rent' for tax deduction at source (TDS) under Section 194-I of the Income Tax Act, 1961. The lessee paid a substantial security deposit, adjusted against rent every six months. The tax authorities argued it was advance rent, necessitating TDS. The court analyzed the lease agreement, determining that the payment was indeed advance rent, not a refundable deposit, thus requiring TDS. This decision highlights the importance of accurately classifying payments in lease agreements for tax compliance.
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