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Acceptance of deposit

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20 June 2014 If any unsecured loan shown in the books of a/c of pvt co. on 31.3.2014 which was taken from another pvt.ltd Co. and one of the director of both company is same then is it considered in deposite to file dpt 4 or not considered as deposit for form dpt-4
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CA. Amit G. Chandani

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CA. Amit G. Chandani (Expert)
21 June 2014 It is not deposit. DPT-4 is not required.
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priya jain

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priya jain (Querist)
21 June 2014 Is it required to pay that loan before 31st march 2014.
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CA. Amit G. Chandani

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CA. Amit G. Chandani (Expert)
21 June 2014 No..since Deposit Rules are not applicable on loan taken by a company from any other company.
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