Dear Members,
Please guide whether fixed deposit will be covered under section 372A?
Its urgent
1 Replies
CA.HARSHIT KHATRI
(CHARTERED ACCOUNTANT)
(47 Points)
Replied 01 March 2012
Fixed deposits in any other body corporate is covered u/s 372A. However fixed deposits with Banking company i.e. banks is not covered by 372A.
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