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The CBIC provides explicit clarification regarding the GST treatment of excess interest retained by NBFCs.

CBIC: Clarify GST on Co-lending Models of NBFC

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Every taxpayer is assigned a PAN (Permanent Account Number). A person cannot have more than one PAN, according to the Income Tax Department.

PAN Card: Having Two PANs can lead you to a Penalty of Rs.10000; Know how to Avoid and Surrender Second PAN Allotted

The Reserve Bank of India (RBI) has imposed Rs.7 Lakh Monetary Penalty on 4 Cooperative Bank for non-compliance with RBI Direction.

RBI imposed Rs.7 Lakh Monetary Penalty on 4 Cooperative Bank for non-compliance with RBI Direction

ED searched 6 locations in Andhra Pradesh and Telangana under PMLA in connection with fraud in sanction of loans under Kisan Credit Card to farmers for construction of fish tanks.

ED conducted Search Operations at 6 Locations in connection with Loan Fraud under Kisan Credit Card

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AI is the term used to describe the simulation of human intelligence in computer systems that have been designed with human-like thought and knowledge of processes.

Why is Artificial Intelligence (AI) Important? Unveiling the Facts

The Minister of State for Finance informs Parliament that nearly 80 million tax returns were filed until December 2.

Approx 80 million Income Tax Return filed till Dec 2; MoS Finance notified Parliament

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