DPT 3

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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.

Shampa Ghosh

Shampa Ghosh (Querist)

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?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

25 August 2020 Not deposits. Mandatory to file DPT -3.

Shampa Ghosh

Shampa Ghosh (Querist)

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!

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