Maitaning liquid assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 April 2012
As per rule 3A it is Required that Company Accepting deposit from public Required to Maintain 15% liquid assets.
now, question is 15% of deposit Maturing During year? or 15% of all deposits Accepted During the year?
now, question is 15% of deposit Maturing During year? or 15% of all deposits Accepted During the year?
24 April 2012
Hi
The amount for which the above deposits will be made will not be less than 15% of the amount of deposits maturing up to 31st March of the following year and the above said deposit will not be utilised for any purpose other than the repayment of deposits maturing during the year up to 31st March of the following year.
For example:
If Rs. 750,00,000 matures as on 31.03.2012 then it is required to deposit up to 30.04.2012 of rs. 1,12, 50,000 (15%)in specified manner.
Regards
The amount for which the above deposits will be made will not be less than 15% of the amount of deposits maturing up to 31st March of the following year and the above said deposit will not be utilised for any purpose other than the repayment of deposits maturing during the year up to 31st March of the following year.
For example:
If Rs. 750,00,000 matures as on 31.03.2012 then it is required to deposit up to 30.04.2012 of rs. 1,12, 50,000 (15%)in specified manner.
Regards
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
