What is a Deposit?


0

According to the explanation of section 58A(10) deposit means any deposit of money with and includes any amount borrowed by a company. Therefore, deposit also includes in it loan taken by a company. It does not include in it such amount as may be prescribed in consultation with RBI.


Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

7 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X