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2% Interest Subvention approved on Prompt Repayment of Shishu Loan under Pradhan Mantri Mudra Yojana for a period of 12 months: Finance Ministry

The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved a scheme for interest subvention of 2% for a period of 12 months, to all Shishu loan accounts under Pradhan Mantri Mudra...

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

Chartered Accountant vacancy in SBI

The State Bank of India(SBI) has invited online applications from Indian citizens for appointment to the post of “Chief Financial Officer”. The State Bank of India is an Indian multinational, public...

SBI - Taxscan
Taxscan Team

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...

Something You Need to Know About MSME
Taxscan Team

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...

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

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...

Govt. takes Steps to reduce Incidence of Frauds in Banks
Taxscan Team

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...

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

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...

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

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