alleryStart learning →Under the Deposits Rules, an amount received from another company is?
AExcluded from deposits
BDeposit only above Rs 1 crore
CDeposit only if unsecured
DTreated as a deposit
Answer & Solution
Correct answer: A. Excluded from deposits
Inter-company receipts are carved out of the definition of deposit in Rule 2(1)(c)(vi).
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