DPT-3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. It is due on 30th June.
Who is exempt from filing the return?
Every company except a government company must file this return. Additionally, the following companies are also exempt:
- Banking company
- Non-Banking Financial Company
- A housing finance company registered with National Housing Bank
Transactions not considered as deposits
- Any amount received from the government or guaranteed by the government, foreign government/foreign bank.
- Any amount received as a loan or facility from any Public Financial Institutions, Insurance Companies or Banks
- Any amount received from a company by a company.
- Subscription to securities and call in advance.
- Any amount received from the director of the company or a relative of the director
- Any amount received by the company from an employee, not exceeding his annual salary under the employee contract such as non-interest bearing security deposit.
- Any amount received in the course of, or for the purposes of, the business of the company
- Receipt of Rs 25 lakh or more by a startup company in the form of a convertible note
- Unsecured loans from promoters.
- Any amount received by the company from Nidhi Company or by way of subscription in respect of chit.
Documents to be attached in case of loans or deposits
- Copy of Trust deed
- List of depositors
Penalties for non-filing
- A penalty of minimum 1 crore or twice the amount of deposits accepted
- Every officer who is in default, imprisonment up to 7 years
Fees for Filing
Fees for filing depends upon the Share Capital of the company that ranges from 200 INR – 600 INR. Delay in filing will lead to penalty that is 12 times of normal filing fee.