Can a resident individual subscribe to an unregulated fund in Singapore? Can a local startup buy into a fintech firm abroad? Is a high-net-worth (HNI) individual barred from holding fixed deposits in an offshore bank? Will an Indian company holding a minority stake, but having no control , in a foreign company have to walk the extra mile on compliance? For months many Indians, keen to diversify their assets and execute business strategies, have been looking for unequivocal answers to a slew of such questions.
Can a resident individual subscribe to an unregulated fund in Singapore? Can a local startup buy into a fintech firm abroad? Is a high-net-worth (HNI) individual barred from holding fixed deposits in an offshore bank? Will an Indian company holding a minority stake, but having no control , in a foreign company have to walk the extra mile on compliance? For months many Indians, keen to diversify their assets and execute business strategies, have been looking for unequivocal answers to a slew of such questions.
Taxpayers in India are receiving notices from the Income Tax department for old tax demands, some dating back more than 15 years, that have already been paid and closed. Many taxpayers are confused as they no longer have the payment receipts or rectification orders to prove they have paid the taxes. The errors are believed to be a result of the department migrating to a new system.
Hello, happy hump day, but maybe not for Byjus. Peak XV Partners, formerly Sequoia India, has told its investors that it will have to significantly mark down the value of its holding in Byjus as it was in the dark about the companys finances. This and more in todays ETtech Morning Dispatch.
Over the past two years as more and more banks in India blocked payments for crypto deals, many traders shifted their coins in wallets of foreign exchanges