Posted By : Sachin / Published on : 26-Dec-2020 12:00 PM / View : 33 / Comment : 0
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    Dear all,

    "ABC" company is having an amount which it did not receive from XYZ company. but goods of XYZ company lying with the ABC company which ABC company sold in the market for its recovery of dues from XYZ and received money from market. XYZ company filed the case and court ordered ABC company to hold it until court further orders...
    now my query is whether it will be considered in

    Dpt-3 exempt deposit under
    "Non-interest bearing amount received and held in trust.

    Please advice
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