{"id":1825,"date":"2022-12-06T11:12:29","date_gmt":"2022-12-06T11:12:29","guid":{"rendered":"https:\/\/www.mmjc.in\/?p=1825"},"modified":"2025-07-31T14:37:01","modified_gmt":"2025-07-31T14:37:01","slug":"advance-received-in-ordinary-course-vs-deposits","status":"publish","type":"post","link":"https:\/\/bempl.in\/demo\/mmjc\/advance-received-in-ordinary-course-vs-deposits\/","title":{"rendered":"Advance received in Ordinary Course vs. Deposits"},"content":{"rendered":"\n<p>Deposit\u201d includes any  receipt of money by way of deposit or loan or in any other form by a Company, but does not include such categories of amount as may be prescribed in consultation with the RBI. <\/p>\n\n\n\n<p>Further, Rule 2 (1)(c) of the Companies (Acceptance of Deposits) Rules, 2014, provides an inclusive definition of deposits. It clearly enlists the transactions that would not be considered as deposits. <\/p>\n\n\n\n<p>In this article &#8211; Our Partner &#8211; Ms. Deepti Kulkarni has explained what is advance received in ordinary course of business in various scenarios!<\/p>\n\n\n\n<p>The article was published in the Chamber of Tax Consultants Journal in the October Edition <a href=\"https:\/\/bempl.in\/demo\/mmjc\/wp-content\/uploads\/2025\/07\/Advance-received-in-Ordinary-Course-vs.-Deposits.pdf\">click here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deposit\u201d includes any receipt of money by way of deposit or loan or in any other form by a Company, but does not include such categories of amount as may be prescribed in consultation with the RBI. Further, Rule 2 (1)(c) of the Companies (Acceptance of Deposits) Rules, 2014, provides an inclusive definition of deposits. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,25],"tags":[],"class_list":["post-1825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge-hub","category-publications-of-ctc"],"_links":{"self":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/comments?post=1825"}],"version-history":[{"count":2,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1825\/revisions"}],"predecessor-version":[{"id":4179,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1825\/revisions\/4179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media\/4176"}],"wp:attachment":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media?parent=1825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/categories?post=1825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/tags?post=1825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}