Deposits
This query is : Resolved
04 June 2018
As per companies amendment act, 2017 , co. Having deposits shall be req. To create deposits repayment reserve on or before 30 april of every fy account for an amount of 20% of deposits maturing at the end of next fy or following fy.? Or of both
04 June 2018
the phraseology is........................ deposits maturing during a financial year
and the financial year next following.
and the financial year next following.
05 June 2018
As oer cimoanies amendment act 2017 , it is 20% of amount of deposits maturing during following financial year , so does it mdans now only for 1 financial year reserve account is to be credited in a particular year
05 June 2018
.amended as................amount of its deposits maturing during the following financial year.
Means every year reserve has to be created @ 20% of deposits maturing during the
next financial year.
Ps.:- Effect has not been given to this substituted clause.
Means every year reserve has to be created @ 20% of deposits maturing during the
next financial year.
Ps.:- Effect has not been given to this substituted clause.
05 June 2018
So as per the amendment , now a company say on 30april 2018 shall create deposits repayment reserve at 20% of the amount maturing during fy ending 31 march 2020(1 April 2019 to 31-3-2020).?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- TDS AND ITR ISSUE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
