Many resident Indians who bought SPAC shares havent disclosed such investments in ITRs. SPACs are established solely to raise ...
ET Online Many Indian resident investors who bought SPAC units or shares had not reported these offshore investments in the FA (foreign assets) schedule of the I-T return, says a tax expert.
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 ...
Hero MotoCorp faces a demand notice of Rs 605 crore, including interest, from the Income Tax department spanning six assessment years. The company is reviewing the assessment orders received on ...
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 ...
Income Tax: Grounds of Appeal related to the penalty imposed u/s 271(1)(c) of the Act , 1961 AY 2015-16 1. In the facts and circumstances of t ...