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Новости за 09.05.2024

HNI investors in offshore ‘blank cheque’ companies receive income tax notices

Economictimes.indiatimes.com 

Many resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital through a pre-listing offering, aiming to acquire a stake in an existing, primarily unlisted, operating company. Subsequently, the target company can merge with the publicly traded SPAC, thereby becoming a listed entity on major stock exchange

India's transaction trends: ePayment riches leave circulation of currency poorer

Economictimes.indiatimes.com 

India's transition to digital payments is effectively curbing the traditional outflow of currency from its banking system, as evidenced by the sharpest decline in the growth of currency in circulation (CIC) since demonetisation in FY24. The Reserve Bank of India's (RBI) decision to phase out Rs 2,000 banknotes from circulation last year further contributed to this trend.

BJP is confident to win over 400 seats: Piyush Goyal 

The Hindu 

Piyush Goyal is excited to be the first-time candidate to contest for Lok Sabha seats; he feels the opportunity will help him understand candidates’ psychology and he will emerge as a sensitive person