Public deposits
This query is : Open
25 March 2014
Will the security deposit collected by a public limited company from the employees(refundable) come under public deposits u/s 58A?
26 March 2014
No
However, it can be termed as Deposit u/s 58A at agreed rate of interest.
However, it can be termed as Deposit u/s 58A at agreed rate of interest.
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