Tax Write-Off vs. Tax Deduction vs. Tax Credit: What’s the Difference?
While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...
Banks write off Rs 16.35 lakh crore bad loans over a decade: Centre
In her written response in the Lok Sabha, Finance Minister Nirmala Sitharaman clarified that writing off bad loans does not ...
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Share of bad loans written off for large corporate houses falls in FY24
Indian banks wrote off ₹1.7 lakh crore in loans during FY24, with large industries and services contributing 40%. The share ...
Banks write off bad loans worth Rs 16.35 lakh cr in last 10 years
Highest amount of Rs 2,36,265 crore was written off during financial year 2018-19 while NPAs worth Rs 58,786 crore were ...
This is how much Indian banks wrote off bad loans in last 10 years
The highest amount of Rs 2,36,265 crore was written off during FY2018-19 while during 2023-24, banks wrote off bad loans of ...
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Indian banks write off ₹16.35 lakh crore in bad loans over a decade
The Finance Ministry’s data highlights that FY19 saw the highest-ever loan write-offs at ₹2.36 lakh crore, while FY15 ...