I want to know how to show loan write off in DPT 3 filing. Let's say the company has 2L director loan as opening balance, 50k loan is repaid, 1.5L is loan write off in 25-26. It makes closing balance of director loan zero. In DPT 3 it's shown as following:
Opening balance: 200000
Repaid during year: 50000
Any other adjustment: -150000
Closing balance: 0
Whether the above filing is correct?
Is any other entry to be mentioned for loan write off in DPT 3 filing?