ЁЯТ╕ Invest wisely and watch your wealthЁЯТ░ grow тмЖ like the blessings of Lord Ganesha
ЁЯУИ Higher returns on your investments : 0.21% Extra Earnings in any fixed scheme
ЁЯЩП BappaтАЩs Blessings: Let the divine hand guide your success.
ЁЯТ░ Limited-time bonus for investors: Offer Valid :- 15th September to┬а30th┬аSeptember
DonтАЩt miss this opportunity to grow your wealth with GaneshaтАЩs blessings! ЁЯЪА
Wishing you a wealth-filled Ganesh┬аChaturthi!┬а
We are bringing this unique offer to you in association with our partner Credit Fair Capital from their P2P investment platform.
Peer-to-peer lending is a form of direct lending of money to individuals or businesses without an official financial institution participating as an intermediary in the deal. P2P lending is generally done through online platforms that match lenders with the potential borrowers.
The Reserve Bank of India (RBI) indeed recognizes and regulated peer-to-peer (P2P) lending platforms in India and issues NBFC-P2P license to the company.
Any individual entity can lend up INR. 50 lakhs across all P2P lending platforms, where as it can borrow loans up to 10 lakhs INR.
Income from P2P lending is basically interst income. Hence this income is classified as 'Income from Other Sources'. And it is taxable in your current tax slab. However there is no TDS deduction at source.
