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Sunday, May 19, 2024

Income-tax Act 1961

Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961

Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 1961 which takes effect from 1st day of July, 2021. These sections mandate tax deduction or tax collection at higher rate in case of certain non-filers...
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Fusion Micro Finance Secures $25 Million Loan to Boost Financial Inclusion

Fusion Micro Finance, a leading NBFC microfinance company, announced on Friday that it has entered into a $25 million...
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