WebApr 12, 2024 · RBI has invited comments from various stakeholders on the draft guidelines on “Fair Lending Practice - Penal Charges in Loan Accounts” by May 15, 2024. The new rules would be applicable to all entities regulated by the RBI, including all commercial banks, co-operative banks, NBFCs (including ... WebJan 14, 2024 · Synopsis. About a dozen non-banking finance companies (NBFC) have approached the finance ministry seeking an exemption from Tax Deducted Source (TDS) on their interest income. The facility is available to high-street banks. Non-bank lenders have also requested that interest income on doubtful assets be made taxable only in the year …
All about Indian Accounting Standards (Ind As) and Its ... - TaxGuru
WebThis circular issued on 11 February 2016 is pursuant to a press release released by the Ministry of Corporate Affairs (MCA) on the roadmap for implementation of Ind AS by banks, non-banking finance companies (NBFCs), and insurance companies. Ind AS in Focus: Banks Download the document What do you think? Join the conversation on Twitter Contact us WebFor all Companies currently applying for registration as a NBFC, the minimum Net Owned Funds requirement is INR 10 Crore (Previously it was INR 2 Crore) (Minimum NOF amount … gitlab ce backup
IND AS Guidelines for NBFC for the Preparation of ... - Enterslice
WebFinancial year Mandatorily applicable to 2016-17 Companies (listed and unlisted) whose net worth is equal to or greater than 500 crore INR ... (NBFCs) are not required to apply Ind AS. The Ind AS rules are silent when these companies are subsidiaries, associates or joint ventures of a parent covered WebAs Ind AS has been made applicable to certain NBFCs from 1 April 2024, therefore, many equity listed NBFCs would have reported their first quarter financial results (i.e. June 2024) under Ind AS on the basis of Division II to Schedule III to the 2013 Act. Division III would be applicable for NBFCs from the date of its Websector as Non-Banking Financial Companies (NBFCs) in India reported their financial statements in line with the requirements of Ind AS. The annual reports for the period … gitlab-ce default username and password