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Applicability of DPT 3

Himanshu (Student CA Final ) (114 Points)

18 June 2019

Facts

Company was incorporated in Nov 2018

Director has given a loan to company for
rs 5000/-

No ADT has been filed as auditor is to be appointed in AGM

q1- is whether company is required to file DPT 3

q2- Since no ADT 1 is filed can any CA Issue Certificate for DPT 3

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3 Replies

anoop (g.m accounts) (214 Points)
Replied 18 June 2019

if director has given loan from his own source and has not borrowed than it is not a deposit. but you will have to file the form. no need to attach auditor certificate

1 Like

Savio V Simon (Student CS) (219 Points)
Replied 19 June 2019

Not required to file DPT 3.
As per the notification the period of outstanding receipt of money means The period which is covered for filing this return i. e from 01st April, 2014 till 22ndJanuary, 2019. It clearly mean that there should be throughout outstanding during that period. So loan from director from Nov 2018 and outstanding on 22 Jan 2019 or later period not required to file one time return of DPT 3.