Read all Latest Updates on and about Non-Banking Financial Companies (NBFCs)

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GST Implications on Penal Charges Under RBI’s 2023 Directions: All You Need to Know

Navasree A.M

The Reserve Bank of India ( RBI ), through its circular dated 18th August 2023, directed all Regulated Entities ( REs ) including banks and ...

Checklist for Preparing Financial Statements as per Revised Schedule III of Companies Act

RBI Tightens - Regulatory measures towards Consumer Credit - Bank Credit to NBFCs - TAXSCAN

RBI Tightens Regulatory measures towards Consumer Credit and Bank Credit to NBFCs

FIDC requests RBI to not rename 'Penal Interest' to 'Charges' to avoid GST Implications

Interest under Income Tax Act can’t be levied on a Wound-Up Company: Madras HC [Read Judgment]

RBI grants Relief to MSME Borrowers registered under GST [Read Notification]

In a major relief to Micro, Small and Medium Enterprises (MSME) registered under Goods and Services Tax (GST) regime, the Reserve Bank of India (RBI) has notified that the exposure of banks and NBFCs...

Interest Income on NPAs received by NBFCs not Taxable on Accrual Basis: Supreme Court [Read Judgment]

While dismissing a departmental appeal in CIT v. Vasisth Chay Vyapar Ltd, a two-judge bench of the Supreme Court of India held that the interest income earned by Non-Banking Financial Companies...