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India sends tax notices to foreign investors who have earned nothing: Report
short by Ashley Paul / on Monday, 6 July, 2026
Income Tax Department issued notices to several foreign investors, including firms, investment vehicles and portfolio investors, who only bought India-listed shares but never earned anything from them, ET reported. Investors were asked why they didn't file an ITR, and TDS, valuation reports and share certificates were sought from them. It's unclear if an ITR is necessary when there's no income.
read more at NewsBytes