Qualifications for an SBA Export Loan closely resemble the requirements for an SBA 7(a) loan with a few variations depended on which SBA Export Loans you apply for. In general, youâll need: A good credit score (above 660 â check your score for free here)
Gas is to demonstrate that existing tax law does not definitively govern, the taxability of accrued interest on convertible bonds where the terms, of conversion do not clearly provide either that interest indebtednes. shall be discharged or that it shall be paid through issuance of stock.
NSC offers 8.8% interest compounded half-yearly. Due the compounding, the effective rate per annum works out to over 9%. It is a cumulative scheme with a term of six years, meaning, though the interest accrues every year, it is paid to the investor together with the initial capital invested at the end of six years.nlike PPF, where the full amount of interest is tax-free, NSC interest is taxable. However, as it is a cumulative scheme (eg interest is not paid to the investor but instead accumulates in the account), each year's interest for the first 5 years is considered reinvested in the NSC.