The Reserve Bank of India (RBI) has recently introduced revised norms for project financing, targeting both banks and non-banking financial companies (NBFCs). These changes reflect […]
NBFCs
NBFC Not Required to Deduct TDS on Interest Income Credited from Acquired Portfolio of Another Company
The taxation of interest income in financial transactions often leads to complex interpretations, especially when it comes to the obligation of deducting tax at source. […]
What Are NBFCs and Their Role in the Indian Financial System
Non-Banking Financial Companies (NBFCs) hold a unique position in the Indian financial ecosystem. They serve as vital intermediaries, providing financial services to individuals, businesses, and […]
ITAT Ruling: Clarifying TDS Exemption on Interest Retained by NBFCs in Direct Assignment Loan Deals
The world of financial transactions, particularly those involving loans and their subsequent transfer across financial entities, is increasingly becoming intricate. In India, this complexity has […]