scorecardresearchBanks to seek govt’s intervention on TDS on loan waivers: Report

Banks to seek govt’s intervention on TDS on loan waivers: Report

Updated: 27 Jun 2022, 10:19 AM IST
TL;DR.
The portion of loan that is waived off in loan restructuring is seen as ‘income’ for the borrower under the new provisions
The extent of haircuts taken by lenders is imputed as ‘income’ for the borrower.

The extent of haircuts taken by lenders is imputed as ‘income’ for the borrower.