This discussion clarifies whether loans taken by a private company from its directors and shareholders are considered 'deposits' under the relevant act. It addresses the mandatory requirement to file Form DPT-3 for such transactions. The user is seeking guidance on how to correctly report loans received from shareholders within the DPT-3 form.
25 August 2020
Hello, Can anyone help me if a private company takes loan from its directors (any limit) and from shareholders (upto100% of their paid up capital) whether it is under "deposits" as per the act? and whether it is mandatory to file DPT-3?
25 August 2020
Thank you very much sir... It will be really helpful if u could tell me where to show the shareholders loan amount in DPT-3 as I am really confused!