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Interesting: Grover on govt asking startups for shareholders' ITRs
short by Ashley Paul / on Friday, 8 September, 2023
Ashneer Grover shared a screenshot of an Income Tax Department notice asking multiple startups (including some in his portfolio) to furnish shareholders' three-year I-T returns (ITRs). Calling it "interesting", Grover asked why startups will have shareholders' ITRs and why individuals would share them with a private firm. Notice mentions establishing creditworthiness as reason for demanding ITRs.