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Interest Subvention Scheme - MSMEs - RBI - Co-operative Banks - lending institution - Taxscan

Interest Subvention Scheme for MSMEs: RBI includes Co-op Banks as lending institution [Read Circular]

Taxscan Team

The Reserve Bank of India (RBI) has allowed co-operative banks including urban cooperative banks to avail Interest Subvention Scheme for micro, small...

RBI directs Banks to put in place systems for Automation of Income Recognition, Asset Classification...

NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL...

Pradhan Mantri Mudra Yojana - interest subvention - Shishu Loan - Taxscan

2% Interest Subvention approved on Prompt Repayment of Shishu Loan under Pradhan Mantri Mudra Yojana...

Chartered Accountant vacancy in SBI

Something You Need to Know About MSME

What's MSME Definitions of Micro, Small & Medium Enterprises In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium...

Bank cannot declare an Account as NPA during Moratorium Period: Delhi HC [Read Order]

The High Court of Delhi stayed the action of the Punjab and Sind Bank declaring the account as Non-Performing Assets (NPA) in the light of the circular of Moratorium Period issued by Reserve Bank of...

Govt. takes Steps to reduce Incidence of Frauds in Banks

The Government has taken comprehensive steps to reduce the incidence of frauds in banks. The steps taken include, inter-alia, the following: Government has issued “Framework for timely...

Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]

The Delhi High Court has ruled that Provisions for Non Performing Assets (NPA) are liable to be added back while computing book profit under Section 115JA of the Income Tax Act. The Assessee engaged...

Interest on Sticky Loans / NPA’s has to be Taxed on Receipt basis: ITAT [Read Order]

ITAT, Chandigarh bench recently held that the interest on sticky loans / NPA has to be taxed on receipt basis. Recently Revenue approached Tribunal regarding the Impugned decision of the Commissioner...