https://www.taxtmi.com/forum/issue?id=109996 Whether interest free amounts advanced by a holding company to a newly incorporated private company for meeting expenses and sourcing long term supplies should be classified as deposits under the Companies Act 2013 is the central question. Expert commentary consistently treats the transfers as loans and advances rather than deposits, emphasizing the distinct legal character of an 'advance' vis a vis a 'deposit' and advising classification under loans/advances accounting heads. en-us Sun, 06 Mar 2016 06:06:22 +0530 Thu, 23 Jan 2025 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109996 Whether interest free amounts advanced by a holding company to a newly incorporated private company for meeting expenses and sourcing long term supplies should be classified as deposits under the Companies Act 2013 is the central question. Expert commentary consistently treats the transfers as loans and advances rather than deposits, emphasizing the distinct legal character of an 'advance' vis a vis a 'deposit' and advising classification under loans/advances accounting heads. Discussion-Forum Companies Law Sun, 06 Mar 2016 06:06:22 +0530 https://www.taxtmi.com/forum/issue?id=109996