Understanding Minimum Alternative Tax (MAT): Ensuring Fair Corporate Taxation

access_time 2024-09-29T14:59:44.436Z face CA N Raja
Understanding Minimum Alternative Tax (MAT): Ensuring Fair Corporate Taxation Vinu: Hey Manu, I came across something called Minimum Alternative Tax (MAT) while reading about corporate taxes. Can you explain what it is? Manu: Of course, Vinu! MAT is a provision under the Indian Income Tax Act, intro...

The Impact of Guarantor Liabilities on New Loan Approvals: A Deep Dive with Vinu & Manu

access_time 2024-09-29T14:55:21.496Z face CA N Raja
The Impact of Guarantor Liabilities on New Loan Approvals: A Deep Dive with Vinu & Manu Vinu: Hey Manu, I have a question. If a customer stands as a guarantor for a loan in another bank, what would be the implications when they’re applying for a new advance from us? The loan for which they’re a guar...

Understanding Loan Restructuring: Is Changing Installment Patterns Considered Restructuring?

access_time 2024-09-29T14:51:34.45Z face CA N Raja
Understanding Loan Restructuring: Is Changing Installment Patterns Considered Restructuring? Vinu: Hey Manu, I’ve sanctioned a term loan of Rs 1.50 crore for 7 years, including a 6-month gestation period for plant and machinery, and a cash credit limit of Rs 0.45 crore. The client has been paying in...

Navigating Excess Borrowings

access_time 2024-09-29T11:06:13.743Z face CA N Raja
Navigating Excess Borrowings: Effective Strategies for Businesses Vinu: Hey Manu, I've been hearing a lot about businesses struggling with excess borrowings. What are some effective ways a company can reduce its excess borrowings? Manu: That's a great question, Vinu. There are several strategies bus...

Handling Loan Classification in CMA Reports: What to Do When the Balance Sheet Shows Incorrect Repayments

access_time 2024-09-29T10:41:44.764Z face CA N Raja
Handling Loan Classification in CMA Reports: What to Do When the Balance Sheet Shows Incorrect Repayments Vinu: Hey Manu, I was going through a CMA report, and I noticed something strange. The principal repayment of a term loan for the next 12 months is usually treated as a current liability. But wh...