Form DPT-3 is used for filing a return of deposit or particulars of transaction not considered as a deposit or both by the companies respectively.
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DPT 3 has to be filed in two ways:
Nil return filing of DPT- 3 is definitely recommended to avoid complexities in the future.
Consequence of Non Filing
The company that defaults in the filing of DPT -3 has to pay a penalty of a minimum of 1 crore or twice the number of deposits whichever is lower, which may extend to Rs. 10 crores, and every officer in default will be imprisoned for 7 years with payment of fine.
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