Customer advance is considered as a deposits
This query is : Resolved
hari prasad
(Querist)
01 January 2018
Dear sir,
I am doing audit of MNC company ,it is manufacture company . company received advance from customer for supply of goods but it is not adjusted or repaid within the year .it will be considered as deposits as per companies act sec 73 -76 and company is required to file DPT-4 within june 30th.
I am doing audit of MNC company ,it is manufacture company . company received advance from customer for supply of goods but it is not adjusted or repaid within the year .it will be considered as deposits as per companies act sec 73 -76 and company is required to file DPT-4 within june 30th.
CA Suresh Jain
(Expert)
01 January 2018
Yes, you are absolutely right
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
