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Startups: Assessee company needs to...

NEW DELHI: The income tax department...

Startups: Assessee company needs to prove investor credentials: Income Tax dept

NEW DELHI: The income tax department on Friday said that the burden of proof to establish the creditworthiness of an investor is on the company whose returns are being assessed. The statement came after BharatPe co-founder and former MD Ashneer Grover posted a questionnaire sent by the tax department to some startups seeking details."In the last one month, a number of startups (a few in my portfolio as well) have received I-T notices asking to furnish information about shareholders. Bahut interesting hai - they are asking startup companies...

Karl Jörg - September 8, 2023

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Startups: Assessee company...

NEW DELHI: The income tax department on Friday said that the burden of proof to establish the creditworthiness of an investor is on...

Karl Jörg - September 8, 2023

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