Tag Archives: simple interest

On Saturday, the government announced the exemption of compound interest on specific loans for a period of six months. Tax experts are not very happy with the plan. They believe that this scheme is useless as the net savings for a taxpayer are too small. The plan is called “Plan …

The plan will be implemented even for borrowers who did not avail themselves of the moratorium. Three weeks after informing the Supreme Court that the Center would pay the additional compound interest on loans up to ₹ 2 crore used by retail borrowers, as well as micro, small and medium-sized …