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Tax notices sent to startups over investments above ₹100 crore: Reports
short by Hiral Goyal / on Tuesday, 30 May, 2023
The Income Tax Department has reportedly sent notices to several startups, including those with unicorn valuations ($1 billion or above). The notices have sought an explanation on the nature and source of some unaccounted investments made between FY19 and FY21. Reportedly, investments of ₹100 crore and above are being questioned by the Income Tax Department.
read more at Moneycontrol