Taxing times: Income tax heat on start-ups over unexplained funds

Notices issued to check round-tripping

tax notice to startups

Notices served under Section 68 of the I-T Act

Shrimi Choudhary New Delhi

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Several start-ups, including prominent unicorns, have received tax notices on some supposedly unexplained investments in them between FY19 and FY21.

The notices, under Section 68 of the Income-Tax Act, were

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First Published: May 29 2023 | 9:08 PM IST

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