200 Legacy Industrial Clusters to be Revived: Budget 2026’s Regional Manufacturing Push
India’s industrial strength is reflected in its 200 legacy manufacturing clusters, centres of skilled labour and generations of experience. Yet, many remain held back by outdated technology, weak infrastructure, and inefficiencies that limit their potential in today’s competitive market. To address this, Union Budget India 2026, presented by Finance Minister Nirmala Sitharaman, lays out a […]
What is the Income Tax? A tax on income is a type of charge the Government is authorized to impose on the annual income of businesses and individuals. Taxpayers are bound by the law to file annual tax returns to ascertain their tax obligations. Tax obligation is usually proportionate to the income of an
Cash credit is a short-term business loan. It is meant for entrepreneurs wanting to get quick working capital. An overdraft facility, on the other hand, is long-term financial assistance. It lets you withdraw money from your account even with a zero balance. Both are generally referred to as credit facilities banks or lenders offer
In the past, applying for a Permanent Account Number (PAN) was a tedious process involving physical forms and weeks of waiting. Today, the Income Tax Department has revolutionised this with a facility where you can complete your PAN card apply process instantly using your Aadhaar. This is an absolutely free facility available to anyone
Every February, India awaits the Union Budget, which is a comprehensive financial blueprint that shapes the nation’s economic trajectory for the coming fiscal year. Understanding the budget highlights is crucial for businesses, investors, and citizens alike, as these policy decisions directly impact taxation, infrastructure development, and sectoral growth. On February 1, 2024, Union Finance
Any person working in a corporate would be aware of the advantages of Employee Provident Fund- where a contribution is made by both the employee as well as employer in order to secure one’s future after retirement. However, for better clarity, one needs to be aware of the amount of money held in this
Small scale industries are labour intensive yet require little capital. Small scale industries can be either manufacturing industries or service providers. Small scale industries comprise of small enterprises that manufacture goods or provide services with the help of smaller machines and a few workers and employees. The enterprise must fall under the guidelines set
The Previous Taxation System Before the introduction of the GST tax system and GST registration, the Union and the states calculated and levied taxes based on numerous stages of taxation on a product or commodity, under their laid-out systems and laws. For every junction of the economic environment, different goods and services were put
As a citizen of India, having the proper documents and identification is vital. These documents and other subsequent cards are essential for a multitude of purposes. From opening a bank account, getting ration to even getting a job, having the right identification and documents serve a crucial role in the lives of every citizen.
Starting a business set up requires much paperwork and digital documentation. You may already have a business enterprise and facing issues due to lack of documentation. Or you may be on your way to starting your business enterprise. At Lendingkart, we help business setups to source the right kind of loan suited for them.
What Happens If You Default on An Unsecured Business Loan in India Every entrepreneur, at some point, considers or already has taken a business loan. Everyone has the best intentions of paying back the loan. However, due to situations like a sudden decline in sales, miscalculations, or other unforeseeable circumstances, your finances take a
