Many resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital through a pre-listing offering, aiming to acquire a stake in an ...
Well-heeled Indians betting on ‘blank cheque’ firms — the Wall Street term for special purpose acquisition companies or SPACs — have started receiving notices from the tax department.
High net-worth Indians betting on the so-called blank cheque firms, a Wall Street term for special purpose acquisition companies (SPACs), are reportedly getting tax notices. According to a report ...
Several high net-worth individuals (HNIs) in India are reportedly facing tax notices for their investments in Special Purpose Acquisition Companies (SPACs), commonly known as "blank cheque companies." ...
Receiving discrepancy notices from the income tax (I-T) department can often be a challenging and daunting experience due to ...
No offence, but if you’ve never come across the term SPAC, you missed what was considered the hottest trend on Wall Street in 2020.
Before we get in to how to check online income tax refund status, let us first know what is income tax refund. The income tax refund is the amount payed to the tax payers by the income tax authorities ...
India's income tax laws are subject to periodic revisions. Read Our Latest News and Updated on Income-tax, Articles on income tax India to understand income tax slab, Income tax e-filing, income tax ...
Indian resident companies which earn global income or income from another nation are charged taxes. The companies need to pay tax for their foreign income in India regardless of the fact whether their ...