tax on JDA

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  1. Hemaram J. Ola

    Hemaram J. Ola New Member

    Which tax will be applicable on interest free refundable security deposit in joint development agreement?
     
  2. ZED

    ZED Well-Known Member

    The interest free refundable security deposit perse is not an income, but if by giving such interest free refundable security, the values were changed then it can be termed as additional consideration.

    It should be considered as that income, which is arising from JDA, i.e it can be both capital gain or profit and gain from business and profession, as the case maybe.
     
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