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Deposit for DPT 3

29 August 2020

Loan received from friends of Directors. Is that a deposit or trnasaction not considered as deposit for the purpose of DPT 3

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2 Replies

Anoop srivastava (223 Points)
Replied 30 August 2020

I think it is not deposit but it has to be disclosed at relevant place in the form DPT 3

i am Kashif (372 Points)
Replied 15 May 2021

In case of pvt. co. loan from Relative of directors .the relative give declaration that they give his own money not borrowed from anyone it shall come under deposit

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