Licensed Money Lender

Tax Glossary Definition

Licensed Money Lender

A licensed money lender is a registered individual or entity authorized under law to lend money and charge interest. Interest earned from such lending is taxable as income, and the lender must comply with regulatory and reporting requirements.

Example: An RBI-approved Non-Banking Financial Company (NBFC) operating a lending business is a licensed money lender, and the interest received on loans forms part of its taxable income.

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