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A report by The Economic Times revealed that notices have been sent to startup investors and promoters, demanding detailed information about certain investments
These notices target mainly startups that are not recognised by DPIIT or instances where the department suspects the investment might be masking the real source of funds
Last month, the department sent similar notices to about 300 private equity firms and promoters over capital gains tax issues
As financial…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
A report by The Economic Times revealed that notices have been sent to startup investors and promoters, demanding detailed information about certain investments
These notices target mainly startups that are not recognised by DPIIT or instances where the department suspects the investment might be masking the real source of funds
Last month, the department sent similar notices to about 300 private equity firms and promoters over capital gains tax issues
As financial…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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