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EMI Calculator - Personal Loan - taxscan

How EMI Calculator is Important while Getting a Personal Loan?

Taxscan Editorial

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...

RBI to enhance - Transaction Limit of Digital Payments - RBI Governor - TAXSCAN

RBI to enhance Transaction Limit of Digital Payments; says RBI Governor

Disallowance of interest component on EMI paid to Non-Banking Financial Companies u/s 40(a)(ia) of...

Cash Payment of Defaulted EMI Instalment to Financier after Cheque Bounce is “Reasonable Cause”:...

Longer Repayment Personal Loan -Repayment Personal Loan -personal loan - loan - Taxscan

Why a Longer Repayment Personal Loan is a Must-Have Choice for Everyone?

GST applicable on Credit Card EMI Interest: Calcutta HC [Read Order]

The Calcutta High Court, while considering a writ petition by an individual, held that the Integrated GST is applicable on the interest component of the Equated Monthly Instalments (EMIs) of a loan...

New RBI Rules: Salary, Pension, EMI Payment Rules to Change Next Month

In a major relief to the Bank Customers, the Reserve Bank of India (RBI) has issued fresh guidelines and changed the rules of the National Automated Clearing House (NACH). From August 1, the bank...

RBI Rules - Salary - Pension - EMI Payment Rules to Change Next Month - Taxscan

SC seeks RBI’s response on Plea against Interest on Loans amid COVID-19 Lockdown [Read Petition]

The Supreme Court on Friday sought the RBI's response on a plea challenging charging interest on loans, even after the central bank ordered a three-month moratorium on the payment of EMIs. The plea...

Interest will be charged by Credit Card issuer on Unpaid Amount:RBI issues FAQs on Moratorium for EMI

Last week, the Reserve Bank of India (RBI) announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. The Indian Banks Association...

GST payable on Penal Interest for Delayed Loan EMI: AAR [Read Order]

The Advance Ruling Authority (AAR), Maharashtra has held that the penal interest collected by the Bajaj Finance Limited, an Indian financial services company, from it’s customers for delayed payment...

Financial Co. cannot claim Deduction in respect of Interest collected with EMI after the Sale of Portfolios to Another Co.: Gujarat HC [Read Judgment]

A division bench of the Gujarat High Court in Gruh Finance Ltd v. DCIT, held that a Finance Corporation cannot claim of deduction under section 36(1)(viii) of the Income Tax Act, 1961 in respect of...