NBFCs may get tax relief on senior citizens’ FD interest, GST exemption on co-lending fees

The government is considering offering limited tax relief to Non-Banking Financial Companies (NBFCs) in a bid to address long-standing concerns over regulatory parity with banks, a senior government source said. Specifically, the Finance Ministry may examine proposals to extend tax exemption benefits on fixed deposit (FD) interest for senior citizens and provide GST relief on co-lending service fe…