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Deposit for DPT 3
Loan received from friends of Directors. Is that a deposit or trnasaction not considered as deposit for the purpose of DPT 3
Replies (2)
Quick Summary
I think it is not deposit but it has to be disclosed at relevant place in the form DPT 3
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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