Easy Office

Deposit accepted by pvt ltd company

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 July 2016 Sir

Company is doing Hospital business
They had appointed Doctors on a contract basis and taken from them security deposit which will refunded after contract is completed.

Whether company can do this type of contracts?
Can Company pay Interest on It?
Is there any compliance have to do by company or Contractor?

Sir can you give provision under which it will cover?
Under which had it is to be disclosed in financial statement?
Profile Image

Charu Srivastava

Profile Image

Charu Srivastava (Expert)
22 July 2016 Yes the Company can do so
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 July 2016 Sir can you give provision under which it will cover? Under which had it is to be disclosed in financial statement?





You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links