![Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Income-Tax-Act-Income-Tax-Assessee-fails-to-deduct-TDS-TDS-amount-of-Interest-to-NBFCs-ITAT-NBFCs-taxscan.jpg "Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]")
Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 shall be...
![NBFCs Not Liable to Pay Interest Tax on Interest received under Hire-Purchase Agreement: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/NBFCs-Interest-Tax-Interest-Tax-on-Interest-received-Hire-Purchase-Agreement-Supreme-Court-taxscan.jpg "NBFCs Not Liable to Pay Interest Tax on Interest received under Hire-Purchase Agreement: Supreme Court [Read Order]")
![RBI notifies Exemptions to Provisions relating to NBFCs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/RBI-Exemptions-NBFCs-Taxscan.jpg "RBI notifies Exemptions to Provisions relating to NBFCs [Read Notification]")
![RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/01/RBI-Issues-Master-circular-Bank-finance-Non-Banking-Financial-Companies-Taxscan.jpeg "RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]")
![RBI issues Guidelines for Appointment of Statutory Auditors of Banks, NBFCs [Read Guidelines]](https://www.taxscan.in/wp-content/uploads/2021/04/RBI-statutory-auditors-of-banks-NBFCs-Taxscan.jpg "RBI issues Guidelines for Appointment of Statutory Auditors of Banks, NBFCs [Read Guidelines]")
Govt. notifies Reduction in Loan limit for Debt Recovery for NBFCs from Rs.50 Lakhs to 20 Lakhs [Read Notification]
The government notified the reduction in loan limit for debt recovery for NBFCs from Rs.50 Lakhs to 20 Lakhs. The Government sought to amend the notification no. 856 (E), dated the 24th February,...
Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]
The Ministry of Corporate Affairs (MCA) notified 22 January 2021 as the date on which 11 provisions of the Companies (Amendment) Act, 2020 will be enforced. Sections 2, 11, 25, 27, 53, 55, 58, 59,...
![Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/11-provisions-of-Companies-Amendment-Act-Taxscan.jpg "Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]")
Professionals like Chartered Accountants, Lawyers are now eligible to avail Govt's Credit Guarantee Scheme for MSMEs
The government on Saturday expanded the scope of the scheme to include ‘individual loans given for business purposes’ within the ambit of the Emergency Credit Line Guarantee Scheme. Professionals...
