Author
The author is a Trainee Correspondent with BW Businessworld
As per Section 43B(h) of the Income Tax Act, a business entity failing to pay its vendors registered as 'micro' or 'small' (MSE) within 45 days of delivery would not be able to deduct the purchase in the year of purchase
Read More
Onboarding of new customers by Paytm Payments Bank has been subjected to specific permission granted by RBI since 11 March 2022
Read More
Experts anticipate that the inadequacies are there since this is a vote on account, but will be addressed in the July budget
Read More
Beating all expectations the revised estimates of this fiscal has been 5.8 per cent as against 5.9 per cent estimated earlier, said Roy.
Read More
The government has extended the benefit of tax exemption like tax relaxation to start-ups and investments made by sovereign wealth or pension funds on certain income on the Indian Financial System Code (IFSC)
Read More
The direct tax to total tax ratio has decreased to 54.62 per cent in the fiscal year 2022-23 (FY23) from 56.32 in FY14, showing a decrease of 270 basis points (bps)
Read More
NBFCs that are providing microfinance to micro, small and medium enterprises (MSMEs), are ‘lenders of last resort’ for many MSMEs
Read More
The net interest income has stood at Rs 9,417 crore, reflecting a 9.50 per cent year-on-year (YoY) growth. Similarly, the net interest margin stood at 3.02 per cent, showing a marginal improvement by nine basis points (bps)
Read More
The private lender’s net interest income (NII), the difference between interest earned and paid out id at Rs 6,554 crore
Read More
The shift to digital payments and fintech has catalysed new products like digital loans
Read More
