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Question ID : 38029

DIRECT TAXES - ( UNREGULATED DEPOSIT ORDINANCE 2019 )

Whether the said regulation will effect existing deposits or loans also? How it would effect the deposits or loan already taken on the date of ordinance, whether the same is to be paid back immediately or it can continue and only effect fresh deposit or loan only.

Posted by SURAJ KUMAR CHOUDHURY on Mar 08, 2019

Filed Under DIRECT TAXES

Answer ID : 85656

I am of the view that existing deposits shall not come under the preview of the 2019 regulation

Posted by SIVADAS CHETTOOR on Feb 08, 2025