In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
Recently the government announced several changes in TDS rates applicable from May 14, 2020. TDS rates for non-salaried payments have now been reduced by 25%. Changes have been announced in TDS rates for other income and payment items as well. Taxes deducted at source (TDS) and taxes collected at source (TCS) are meaningful terms
What is e-Aadhaar Card PDF Password | Lendingkart After receiving your Aadhaar card, you have the option to print or download a digital copy, known as the e-Aadhaar card. This digital version is protected by a password known as the Aadhaar password, which is a combination of the first four letters of your name
The GST, or the Goods and Services Tax is an indirect tax in India that mostly took the place of the services tax, VAT, and excise duty. The Goods and Service Tax Act was approved by the Parliament on March 29, 2017, and it became effective on July 1 of that same year. In
What is the UIDAI? The government of India has made strides towards safeguarding the citizen’s financial and personal details over the years. This has helped reduce the frequency of incidences like money laundering, corruption, and identity theft. Although the rise in technology has made ordinary lives easier and more comfortable, it has also made
Goods and Services Tax (GST) is a comprehensive tax system applied across India. It simplified the complex mechanism of indirect taxes and replaced multiple taxes with a single, unified tax structure. There are different types of GST based on the type of transaction, interstate or intrastate. Understanding GST types in India is important to
Goods and Services Tax(GST) came into effect on 1st July 2017, by amending the Constitution of India. It is the One Hundred and First Amendments introduced by the Government of India. GST was hailed as a significant tax reform of Independent India, that will help streamline the taxation process and reshape India’s $2.4 trillion
