Home / Form DPT 3 Filing

Updated on 19 Jan 2022  9.00 AM IST | 4 min read

What is DPT 3 Form?

Form DPT-3 is a deposits return that are furnished by the companies to display information about deposits and/or loan outstanding receipt or money other than deposits. As per the latest amendment done by the ministry of corporate affairs, all companies except government companies must file a one-time return for the outstanding loans, but it is not considered a deposit.

Latest Update - Form DPT-3 has been added to the list of forms available under the Companies Fresh Start Scheme (CFSS) 2020. As a result, no late penalties will be assessed if the form is completed before September 30, 2021.

In how many ways DPT 3 Form can be filed?

There are two ways in which DPT-3 form can be filed –

  • One time return
  • Annual return

Who is exempt from DPT 3 filing?

Except for government entities, every company must file this return. Additionally, the following companies are exempt according to Rule 1(3) of the Companies (Acceptance of Deposits) Rules 2014:

  1. Banking Company
  2. Non-Banking Financial Company
  3. A registered housing finance company having registration with the National Housing Bank
  4. Any other corporation that has been notified according to the proviso to subsection (1) of Section 73 of the Act.

What is the due date for filing DPT 3 return?

The due date for filing the annual return is 30 June of every year.

What Documents Need To Be Submitted At The Time Of Filing Form DPT-3?

Documents that need to be submitted along with DPT-3 are as follows –

  • Copy of trust deed
  • Copy of instrument creating the charge
  • Auditor’s certificate
  • Wherever available and specified in the form, a deposit insurance contract
  • List of depositors (Deposits matured & Cheque issued but not yet cleared)
  • Liquid assets details
  • Latest audited balance sheet

DPT-3 Form Filing

Format Of DPT-3

Download Form DPT 3 by clicking the below link –

Download Form DPT 3

Transactions not considered as deposits

  • Any amount received by a company from a company
  • Any amount received from the government or guaranteed by the government, foreign bank/govt.
  • Any amount received as a loan from an insurance company, public financial institution or Bank.
  • Any amount received by the company from an employee
  • Any amount received from the company director or relative of the director of the private company who was holding the position at the time of lending.
  • Any amount collected by the company from an employee that does not exceed the employee's annual salary as defined in his employment contract, such as a non-interest bearing security deposit.
  • A startup company's receipt of at least Rs 25 lakh in the form of a convertible note in a single tranche.
  • Amount raised by the issuance of secured bonds or debentures with first charge, as well as non-convertible debentures without a charge on the company's assets.
  • Any amount received by the company from Nidhi Company or as a subscription for a chit under the 1982 Chit Funds Act.
  • Unsecured loans from promoters.
  • Any amount received by a company from a collective investment scheme, alternative investment fund, or mutual fund registered with the SEBI.
  • Any amount received as an advance for the supply of goods for business purposes or provision of services or as a security deposit for the performance of the contract for the supply of goods or provision of services.
  • Under Rule 2(1)(c), any other amount is not considered a deposit.

Tenure of DPT-3 filing return

The one-time return must be filed for the period beginning 1 April 2016 and ending 31 March 2021. As a result, all receipts collected during this period and still outstanding as of March 31 2021 were required to be reported. The yearly return covers the financial year beginning 1st April 2020 and ending 31st March 2021. This return will include all outstanding balances as of the due date.

Information to be furnished

The following information must be furnished: the company's CIN, an email address, the company's objectives, its net worth, any charges, the total amount outstanding as of 31st March 2021, and the company's credit rating.

Penalty For Non-Filing Of Form DPT 3

In case the company does not follow the requirements of DPT-3 and keep accepting the deposits, the company can face the following consequences –

Penalty under Section 73

On company – Under Section 73, a minimum penalty of Rs.1 crore or twice the deposit amount (whichever is lower) will be charged. This may extend up to Rs.10 crore.

On officers – Any officer involved may send in imprisonment up to 7 years and with a fine of Rs.25 Lakhs which may be extended to Rs.2 Crore.

Penalty under Rule 21

On company & the officer – A fine up to Rs.5000 on default by the company and every officer involved in it, whereas in case of continuous violation, a fine of Rs.500 per day will be charged from the default date.

How FinacBooks Help In DPT 3 Form Filing?

FinacBooks is a leading Indian portal providing accounting, finance & taxation services to small businesses. We have more than 10 years of experience helping individuals in filing DPT-3 format at the least possible price. We will guide you through the entire process of filing the DPT-3 form. To avail of the best deals on filing the DPT-3 form, kindly call us at 8800221252, or you can also email us at info@finacbooks.com.

Form DPT 3 Filing FAQ’s

The total amount of loan received by a company for a period starting from 1st April 2016 to 31st March 2021 and it is still outstanding on 31st March 2021 must be reported in DPT-3 form.
No, small companies are not exempted from filing form DPT-3. Only government companies are exempted from filing form DPT-3.
In such a case, when a company has no loan outstanding, a company doesn’t need to file nil returns. Hence, DPT-3 cannot be filed.

The documents required to file E-form DPT-3 are as follows –

  • Auditor’s certificate
  • Copies of the instrument that created the charge
  • Details about liquid assets
  • Where required and specified in the form, a copy of the trust deed deposit insurance contract
  • List of depositors - Separate list of matured deposits and cheques issued but not yet cleared
  • Latest Audited Balance sheet
  • Optional attachment, if desired

The fee for filing form DPT-3 is based on the paid-up capital of the company.

If the interest balance is outstanding as of March 31 2021, it must also be stated as a consolidated figure alongside the principal amount under the appropriate heading.
If the company has receipts that meet the definition of deposit, just one return is necessary.

If a company has receipts that are not considered deposits under Rule 2 (1) (c), the company is required to file two returns.

There is no requirement as such to file NIL return in Form DPT-3.
Advances received for the supply of goods up to 365 days will be considered exempt; advances received beyond 365 days will be considered deposits and should be disclosed in DPT-3.
The loan amount obtained from an NBFC must be disclosed on form DPT-3 as money received from another company.
E-form DPT-3 is not an STP return, and the Ministry of Corporate Affairs authorities will process it before providing approval.
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Due Dates

  • Due date for deposit of TDS for the period October 2021 to December 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, section 194A, section 194D or section 194H

    Jan 07th ,2022
  • Due date for deposit of Tax deducted/collected for the month of December, 2021. However, all the sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

    Jan 07th ,2022
  • Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2021

    Jan 14th ,2022
  • Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of November, 2021

    Jan 14th ,2022
  • Due date for issue of TDS Certificate for tax deducted under section 194M in the month of November, 2021

    Jan 14th ,2022
  • Due date for filing of audit report under section 44AB for the assessment year 2021-22 in the case of a corporate-assessee or non-corporate assessee (who was required to submit his/its return of income on October 31, 2021)

    The due date for filing of audit report for Assessment Year 2021-22 has been extended vide Circular no. 17/2021, dated 09-09-2021

    Jan 15th ,2022