Hello Professionals
Whether advance taken from customers by real estate company on which no interest has been paid will be treated as advance or deposit as per the
Companies Act, 2013?
Hello Professionals
Whether advance taken from customers by real estate company on which no interest has been paid will be treated as advance or deposit as per the
Companies Act, 2013?
Hello Professionals
In terms of Section 73 of the Companies Act, 2013 read with Rule 2(1)(c)(vii) of Companies (Terms and conditions of acceptance of Deposit) Rules, 2014, deposits do not include receipt of money from the Director of the Company, but the money received from a member is treated as a deposit. In case the deposit is taken from a person who is both a director and a member of the Company, will such receipt of money be treated as a deposit or not?
Hello Professional
I own two houses. One is a farmhouse that I visit every week, and the other is my residence. Can both these residences be treated as self-occupied?
occupied
self
treated
residences
Dear All,
A real estate company has taken advance from its customers on which no interest is payable, will it be treated as deposit as per the Companies Act, 2013.
A real estate company has taken advance from its customers on which interest has not been paid, will it be treated as deposit under the Companies Act, 2013 ?
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Whether advance taken from customers by real estate
company on which no interest has been paid will be
treated as advance or deposit as per the Companies Act,
2013?
deposit
advance
treated
transaction
query
Dear Members, kindly guide on this query.
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