Finance Ministry Says No to IBC Loan Waiver Exemption in Income Tax Bill 2025

Last updated: 25 July 2025

The Ministry of Finance (MoF) has rejected a key recommendation from the Ministry of Corporate Affairs (MCA) seeking tax exemption for loan waivers granted under resolution plans approved through the Insolvency and Bankruptcy Code (IBC). This disagreement between two departments headed by Union Fin

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