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 ...
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." ...
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 ...
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.
Income Tax department's online tool empowers you to verify any notice or order you receive. This free service is available to ...
As a frequent Credit Card user, if you are involved in making any high-value purchases, it will surely attract some amount of tax. Read further to know more about income tax on Credit Card ...
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 ...
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.