Question in 3cd

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ajithkumar p.c (Querist)
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04 November 2012
In 3CD regarding the Sec.269T, whether any loan or deposit 'repaid' and if so auditor has to give required details.

The question is whether any loan or deposit is 'paid', like rent deposit, salary advance chit payment , then is there any requirement for reporting such deposits or advances.

If these are squared up what is the reporting? is it hit by Sec.269SS

Please resolve.

Amol S Joglekar

Amol S Joglekar (Expert)
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04 November 2012 269 SS: Mode of taking or accepting certain loans and deposits.
269T: Mode of repayment of certain loans or deposits. This deals with mode of repayment. Repayment is to be underlined. Your case is not repayment... i think. Please clarify.