Most borrowers know what their CIBIL/ bureau score is, but fewer borrowers know about credit reports. Do you know what a credit report is? Your credit/ CIBIL/ bureau score is part of a report, known as a credit report, which contains your detailed credit history. In addition to your credit score, your report includes your…

Let’s talk about an important financial document – Form 26AS. Your Form 26AS acts as your Tax Credit Statement for Income Tax Returns filed in any financial year. It provides the tax authorities with information about your various sources of income.  When you apply for business funding, lenders may ask some borrowers to submit their…

Have you ever heard of a minus one (-1) credit score and wondered what it means? First-time borrowers, who don’t have any credit history in India, have a minus one (-1) credit score.  Through this score, credit bureaus are telling a lender they have no record of this borrower, and they cannot assign a 3-figure…

Have you filed your Income Tax Returns yet?  The due date to file your Return of Income for the Assessment Year 2021-22 is 31 December 2021. The date was extended in September 2021 by the Central Board of Direct Taxes (CBDT) due to pandemic-related difficulties taxpayers were facing in filing their Returns and the fixes…

With cases of another COVID-19 variant on the rise, businesses like yours play a key role in preventing the third wave in India.  Make your business a COVID-free environment by enforcing COVID guidelines within your workplace, like always wearing a mask, crowded control, and regular sanitization. It will be important that you ask both your…

Need business financing to grow your business? Apply for a business loan with one of CreditEnable’s lender partners. Our 25+ lender partners offer specialized secured and unsecured SME loans that will help your business grow. We recommend our SME customers decide what type of loan they want to get, based on their business needs and…

Let’s talk about PAN. A Permanent Account Number (PAN) is a ten-digit unique alphanumeric identification number issued by the Income Tax Department. Every individual and corporate taxpayer who does business in India must have a PAN.  When you apply for an SME loan, you need to submit a colour copy of your individual and business…

Ever thought about getting a business loan, but you don’t apply because lenders say they’ll need your GST documents also? That is correct, but only if your business is legally required to have a GST registration!  You can still get a business loan even if you aren’t a GST registered business if your business doesn’t…

The deadline to pay the third instalment of advance tax for Assessment Year 2022-2023 is 15 December 2021.  If you’ve never heard of advance tax, you’re not alone. Many taxpayers have not. Section 208 of the Income Tax Act, 1961 states anybody whose estimated tax liability for the year is more than or equal to…

Did you know when you apply for a business loan, you also need to submit your tax documents to the lender along with your loan application?  Your GSTR-3B forms are one tax document the lender needs. Form 3B helps the lender assess your credit profile and allows them to make a lending decision faster. Downloading…