The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while allowing an appeal filed by Dr. Chandrashekar Foundation, held that if the cost of assets acquired out of loan funds have already been allowed as application

If you're reading this, chances are you're either considering taking out a Personal Loan or you're already in the process of repaying one. Either way, you're not alone. Personal loans have become increasingly popular in

The Reserve Bank of India ( RBI ) had constituted a Task Force on Development of Secondary Market for Corporate Loans under the Chairmanship of Shri T. N. Manoharan, Chairman, Canara Bank, on May 29,

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently held that the interest-free or concessional loan from employer are taxable as perquisite in the hands of the employee under the Income Tax Act.

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the Revenue cannot disallow interest expenditure on the presence of common management and unity of control. The AO on perusal of profit &

The Reserve Bank of India (RBI) while addressing all Scheduled Commercial Banks (excluding RRBs), all Small Finance Banks, and all Local Area Banks releases the Regulatory Restrictions on Loans and Advances. The RBI has decided

The Authority for Advance Ruling (AAR), Gujarat has ruled that the amount charged as interest on transaction-based short-term loan given to the buyers of material is exempt from the levy of Goods and Services Tax (GST).

In a relief to middle-class people, the Union Finance Minister in Budget 2020 has proposed an additional deduction up to Rs. 1.5 lakhs for Interest paid on Loans taken for an affordable house extended till

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition as interest on Loan duly paid by the assessee after deducting TDS. The assessee, M/s. Heilgers Development & Construction Company Pvt. Ltd. is

The Income Tax Appellate Tribunal (ITAT), Kolkata Bench upheld the order passed by CIT(A) wherein the disallowance of Rs.4,02,837 on account of interest on office loan was confirmed. The assessee United Teleservices Ltd. appealed against

The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that addition on account of unsecured loans can not be made if the assessee proves Genuineness of the transaction. The assessee company, M/s. K.P.Manish Global Ingredients

Travel loan is a personal loan variant designed to finance only vacation or travel related costs. However, not many lenders offer it as a loan variant. As the features offered on travel loans are almost

The Division Bench of Orissa High Court has upheld the addition made upon unsecured loan as the petitioner had failed to file an affidavit for proving the repayment of loan.  The Income Tax Appellate Tribunal

Cooper has invited applications from eligible candidates for the post of Manager for Internal Auditing. Mr. Cooper, formerly Nationstar Mortgage Holdings Inc. was founded in 1994 and is headquartered in Dallas, Texas, area. Nationstar Holdings

While taking a personal loan, an individual must consider many factors. The interest on the loan, repayment tenure and documents to be submitted are a few of those factors. Personal loan lenders let the borrowers