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OTS BENEFIT
You might be missing out on tax-free overtime in 2025 — here’s the catchThe 2025 overtime tax deduction sounds like tax-free money but comes with strict rules. Not all overtime pay qualifies, and many workers ma...- Rs 39.48 lakh cr sanctioned so far under PM-MUDRA, NPAs at around 2 pc: FM SitharamanThe Pradhan Mantri MUDRA Yojana has empowered numerous small entrepreneurs. Over Rs 39 lakh crore has been sanctioned since its launch. Non...
- Husband's death in Covid leaves widow unable to repay loan; SC invokes Article 142 to cut duesThe Supreme Court has intervened to help a widow struggling to repay a Rs 50 lakh loan taken by her deceased husband. After his death durin...
- Supreme Court agrees to hear plea alleging undervaluation of 5-star hotel in OTS deals with two banksThe Supreme Court will examine allegations of undervaluation concerning Delhi's Hyatt Regency Hotel. A plea seeks a probe into one-time set...
- Defaulting borrower cannot claim OTS benefit without fulfilling bank's conditions: SCThe Supreme Court ruled that defaulting borrowers cannot claim OTS benefits without meeting all bank conditions, including upfront payments...
- One time tax settlement scheme 2025 by Haryana govt: Get up to Rs 1 lakh rebate and full waiver of interest and penaltyHaryana One time tax settlement scheme 2025 (OTS): The Haryana Government has released some FAQs on the tax due settlement scheme under whi...
- Punjab cabinet gives nod to pilgrimage scheme, one-time settlement scheme for traders to clear duesAddressing the media after the cabinet meeting, Finance Minister Harpal Singh Cheema said the cabinet has approved the 'Mukh Mantri Tirth Y...
- OTS scheme slows down recoveries from retail portfolios for ARCs to 35 pc, stretch timelines: ReportThe ARCs have started following measured steps to ensure realizations, which has slowed down the pace of recovery, and the recovery timelin...
- Loan waiver not a benefit, banks exempt from 10% TDS for one-time settlementCBDT said in a detailed clarification that OTS or loan waiver by a bank will not be treated as a benefit or a perquisite and not face Tax D...
- 'You don't go after big fish but harass poor farmers': SC to Bank on OTS schemeDuring the hearing, the bench said, "You don't go after big fish and only harass poor farmers, who have paid 95 per cent of the amount. The...
- RattanIndia Power pares Rs 1,219 crore debt in last 15 months"During the last 15 months, RPL has repaid the debt of Rs. 1,219 crore to lenders, including Rs 200 crores as prepayment, even in the face ...
- Maharashtra CM Devendra Fadnavis says 41 lakh farmers have got Rs 19,537 crore loan waiverOut of Rs 19,537 crore, a sum of Rs 4673 crore is part of One Time Settlement (OTS), the statement added.
- Goa government notifies scheme for people affected by mining banThe beneficiaries would be offered subsidy of up to 35 per cent of loan settlement amount, the notification said.
- Orissa announces to bail out ORHDC, Ipicol with OTSOrissa government decided to salvage two sick state-owned PSUs - ORHDC and Ipicol with the newly formed cabinet headed by Naveen Patnaik ap...
- Nayak’s track record, reputation will benefit us: Morgan Stanley Asia HeadMorgan Stanley stunned the Indian financial markets announcing that PJ Nayak, former CEO at Axis Bank, will be its India CEO from April. Na...
- Banks can give more comforts to farmers: RBIPublic sector banks have been authorised to give more relief to farmers under the debt relief scheme, provided the lenders do not ask the G...
- Credit crunch may hold up debt waiverThe UPA government’s much-hyped farm debt waiver seems to be too little, too late for farmers in the state.
- Loan-waived farmers may light up rural economyThe farmer perhaps hasn’t had it this good in decades. In the afterglow of the FM’s Rs 60,000-crore farm loan waiver-cum-one time settlemen...
- Farm loan waiver to clean up booksBankers can now write off the loans and get the money from the government, albeit over three years .Tax Ready Reckoner | Budget cartoons
- How green is the loan valley, farm loan waiver to clean up booksA few bankers are quite happy about the FM’s populist move to waive farm loans. It would have been an uphill task for them to otherwise rec...
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