Income tax planning

Non Banking Finance Companies (NBFC)s main work is to provide banking services without coming under the legal definition of the term "Bank".  There are many restrictions mandated by RBI on the workings of Bank which is tougher than what is applicable for NBFC's.

Useful read on basics - https://www.rbi.org.in/scriptts/FAQView.aspx?Id=92

No other major change in the treatement.