Acceptance of deposit
This query is : Resolved
priya jain
(Querist)
20 June 2014
If any unsecured loan shown in the books of a/c of pvt co. on 31.3.2014 which was taken from another pvt.ltd Co. and one of the director of both company is same then is it considered in deposite to file dpt 4 or not considered as deposit for form dpt-4
CA. Amit G. Chandani
(Expert)
21 June 2014
It is not deposit. DPT-4 is not required.
priya jain
(Querist)
21 June 2014
Is it required to pay that loan before 31st march 2014.
CA. Amit G. Chandani
(Expert)
21 June 2014
No..since Deposit Rules are not applicable on loan taken by a company from any other company.
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