Amendment of section 193 In section 193 of the Income-tax Act, in the proviso, in clause (iv), for the proviso, the following proviso shall be substituted with effect from the 1st day of October, 2024, namely:— “Provided that nothing in this clause shall apply to the interest exceeding ten thousand rupees payable during the financial […]
Section 51 – Finance Acts Read More »
Amendment of section 192 In section 192 of the Income-tax Act, with effect from the 1st day of October, 2024,— (I) in sub-section (1C), for the words, brackets and figures “clause (vi) of sub-section (2)”, the words, brackets and figures “sub-clause (vi) of clause (2)” shall be substituted; (II) in sub-section (2A), the
Section 50 – Finance Acts Read More »
More than 40.82 crore loans amounting to ₹23.2 lakh crore sanctioned under Pradhan Mantri MUDRA Yojana (PMMY) since inception The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015 by Prime Minister Shri Narendra Modi with the aim to facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small and
More than 40.82 crore loans amounting to ₹23.2 lakh crore Read More »