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By Binarysoft Editorial Team | 23-04-2024 07:14:00
A change introduced last year in the Income Tax Act to help small businesses receive timely payments might have had the unexpected effect of putting off buyers of their goods and services altogether. According to two people aware of discussions in th... Read More
By Binarysoft Editorial Team | 10-05-2024 07:40:29
A section of MSMEs and traders in India is expecting the revision or revocation of the new clause h brought under Section 43B of the Income Tax Act, 1961 by the government to address the delayed payment issue of MSMEs. The concern among certain MSMEs... Read More
By Binarysoft Editorial Team | 18-08-2025 13:40:58
In today’s fast-paced business environment, accountants, tax professionals, and small business owners face increasing pressure to prepare financial statements quickly and accurately. For non-corporate entities such as partnerships, proprietorships,... Read More
By Binarysoft Editorial Team | 06-05-2026 10:40:00
Regulated entities (REs) are, in normal course, not expected to come into possession of non-financial assets in lieu of their regular lending operations. However, in exceptional cases, where the exposures become non-performing and legal or contractua... Read More
By Binarysoft Editorial Team | 29-07-2026 10:31:00
The Reserve Bank of India (RBI) has, vide order dated April 24, 2026, cancelled the banking licence issued to Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective from close of business o... Read More
By Binarysoft Editorial Team | 29-07-2026 16:13:00
A bank generally does not transact in immovable assets as part of its core business operations, other than in exceptional cases where it acquires such immovable assets in satisfaction of its claims on the borrower. In order to provide clarity on the ... Read More
By Binarysoft Editorial Team | 31-07-2026 10:36:00
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholde... Read More
By Binarysoft Editorial Team | 04-08-2026 12:20:00
RBI regularly reviews the services covered under its Citizen’s Charter and the number of services under the Charter stands at 213 as on July 31, 2026.... Read More
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