Startups Under Tax Scrutiny

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Over 2,000 Indian startups which received 'angel financing' and other funding are under income-tax scrutiny.

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    Over 2,000 Indian startups which received 'angel financing' and other funding are under income-tax scrutiny

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    Crypto Vs Blockchain Startup


    There are many Indian companies working actively in the crypto space. India's crypto industry attracts foreign funds, but local investors remain wary. Cryptocurrency has seen tremendous growth in the last one year and from a consumer and technology standpoint, India is an important destination for cryptos. The venture capital companies including Sequoia Capital India, Lightspeed India, Elevation Capital and others are warming up to India’s cryptocurrency and blockchain industry. Several international funds such as Pantera Capital and Coinbase Ventures, and entrepreneur investors like Mark Cuban, have been investing in blockchain and crypto startups founded by Indians.



    The absence of regulatory approval and the possibility of a blanket ban has, however, kept most Indian funds at bay, despite the heightened interest in crypto and blockchain. Despite the regulatory uncertainty and the volatility of cryptocurrencies, Indian start-ups in the space saw funding grow 73% in the first six months of calendar 2021 compared to the whole of 2020.Total funding year-to-date in 2021 stood at $50.03 million against the $28.85 million raised by cryptocurrency-based start-ups in 2020, according to data from Tracxn. A report says, the lockdown in 2020 had led to increased activity in the cryptocurrency market as retail and institutional investors turned to this investment avenue as volatility hit the stock market. Blockchain faces hurdles, including volatility in cryptocurrency pricing and confusion and misunderstanding from many consumers about the technology and related financial services, experts say.


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  • Watch 50 Wealthy Indians To Face Tax Scrutiny For Buying Nirav Modi Jewellery Video
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    आयकर विभाग ने 50 से अधिक ऐसे रसूखदार लोगों (एचएनआई) के आयकर रिटर्न का फिर से आकलन करने का फैसला किया है, जिन्होंने भगोड़ा हीरा कारोबारी नीरव मोदी की कंपनियों से महंगी ज्वेलरी खरीदी है.डीएनए की एक रिपोर्ट के मुताबिक आय कर विभाग ने इससे पहले कई लोगों को तलब कर उनसे आभूषण खरीद का स्रोत पूछ चुका है. इनमें से ज्यादातर ने कहा कि उन्होंने नीरव मोदी की कंपनियों को कोई नकद भुगतान नहीं किया है.इसके बाद विभाग ने उनके आईटीआर की नए सिरे से जांच का फैसला किया है.
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    I-T dept to promote faceless scrutiny to reduce tax harassment: Nirmala Sitharaman

    Tax dept to promote faceless scrutiny. It will reduce tax harassment from Vijay Dashmi day, says Finance Minister Nirmala Sitharaman.

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  • Watch Pandora Papers
    Pandora Papers' bring renewed calls for tax haven scrutiny

    Pandora's box is an artifact in Greek mythology connected with the myth of Pandora in Hesiod's Works and Days. The recent leakage of Pandora Papers brings newer light on the hidden dealings of the elite and corrupt. The total assets in question collectively would run into trillions of dollars. This is not the first leak, it is the third starting from Panama Papers to Paradise Papers and now Pandora Papers. It shows to the world what investigative journalism can deliver and that too when it is in a global collaborative mode. It is a leak of almost 12 million documents, files, emails and spreadsheets. This whole exercise has helped to expose the secret wealth and wheeling dealing they get into. It was a pure data based investigation, quite contrary to what we find in this country. The data was obtained by the International Consortium of Investigative Journalists in Washington DC and has led to one of the biggest ever global investigations. ICIJ is an US based not for profit, encompasses 280 of the best investigative reporters from more than 100 countries and territories. ICIJ wants to inspire and cultivate a global community of reporters and readers who believe journalism can bring about positive change.


    The documents have been sourced from 14 financial services companies spreading across various countries including Panama, Switzerland and United Arab Emirates. The 2.9 terabyte leak is larger than the Panama Papers at 2.6 terabytes. The Pandora Papers leak is touted as the most expansive expose of financial secrecy. There are a cluster of 35 world leaders including current and former Presidents, Prime Ministers and heads of state. It also has within its fold 100 billionaires, celebrities and business leaders. It also has 400 public officials from 100 countries. There are well recognised companies which provide these services globally. The nitty gritty of the complex financial system with special expertise in offshore accounts, tax havens, shel

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  • Watch Pandora Papers outage brings call for action on tax haven scrutiny Video
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    The latest release of offshore financial information has revealed little illegal activity, and will lack much of the punch that previous leaks enjoyed. However, it could still have significant consequences. While little direct regulatory action is in the offing, tighter reporting and disclosure of property holdings is the most likely outcome. The world was presented with yet another major offshore data leak on 3 October, 2021, courtesy of the International Consortium of Investigative Journalists. Branded the Pandora Papers by the media, the release contains 11.9 million files from various companies hired by wealthy clients to create structures and trusts in a range of offshore centres. While the cast of affluent individuals and high-profile politicians spans the world, there is little suggestion that the leak has revealed much in the way of illegal tax evasion. As such, there will likely be little direct impact on the wealth management industry or cases for tax authorities to prosecute.

    The release does highlight the ability for affluent investors to use the offshore financial system to shelter assets from scrutiny - particularly property. The OECD’s Common Reporting Standard and the US’s FATCA have largely pealed back the secrecy surrounding financial accounts and securities. However, they have done little to force disclosure of non-financial assets such as property. Almost all of the high-profile disclosures in the Pandora Papers involve property in some shape or form. Many examples noted in the media involve property held via opaque offshore companies or trusts that shelter the beneficial owners from prying eyes, as well as saving them hefty tax bills. It is this entirely legal activity that is likely to grate the sensibilities of the average citizen - even if tax authorities are less exercised over it. Indeed, GlobalData’s 2021 Global Wealth Managers Survey found that property is the third most popular asset class among high net worth (HNW) offshore inv

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    നോട്ടു നിരോധനത്തിന് ശേഷം രാജ്യത്ത് 5800 ഓളം കടലാസുകമ്പനികള്‍ വിവിധ അക്കൗണ്ടുകളിലായി വന്‍തുക നിക്ഷേപിച്ച് പിന്‍വലിച്ചതായി കേന്ദ്രസര്‍ക്കാര്‍.
    ബാലന്‍സില്ലാത്തതോ തുച്ഛമായ നിക്ഷേപം മാത്രമുള്ളതോ ആയ അക്കൗണ്ടുകളിലാണ് നിക്ഷേപം നടത്തിയത്. നിക്ഷേപിച്ച് ഉടന്‍ തന്നെയാണ് അതിന്റെ സിംഹഭാഗവും പിന്‍വലിച്ചത്.4574 കോടി രൂപ ഇങ്ങനെ നിക്ഷേപം നടത്തിയതായാണ് കേന്ദ്രസര്‍ക്കാര്‍ വ്യക്തമാക്കിയത്. ഇതില്‍ 4552 കോടി രൂപ ഉടന്‍ തന്നെ പിന്‍വലിക്കുകയും ചെയ്തു.




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    Shell companies under scrutiny for over deposits

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    Experts in the illicit antiquities trade also wondered about the motive of the fragment's anonymous owner, noting that the document's value has likely increased amid the publicity of the still-unproven find.
    Karen King, a professor of early Christianity at Harvard Divinity School, announced the finding Tuesday at an international congress on Coptic studies in Rome. The text, written in Coptic and probably translated from a 2nd century Greek text, contains a dialogue in which Jesus refers to 'my wife,' whom he identifies as Mary.
    King's paper, and the front-page attention it received in some U.S. newspapers that got advance word about it, was a hot topic of conversation Wednesday during coffee breaks at the conference.
    Christian tradition has long held that Jesus was unmarried, although there is no reliable historical evidence to support that. Any evidence pointing to whether Jesus was married or had a female disciple could have ripple effects in current debates over the role of women in the church.
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    एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
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    My Camera - Canon EOS 200D II - Link To Purchase - https://amzn.to/3ZXuNQD
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    My Light setup - GODOX LC500R RGB LED Light Stick - https://amzn.to/3SQmu6P
    My Lens Setup - Sigma 18-35mm f/1.8 DC for Canon - https://amzn.to/3ZDqbyD
    My Lens Setup - Canon EF50MM F/1.8 STM Lens - https://amzn.to/41CEeX4
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    Home Bar Accessories - https://amzn.to/3LedEOv
    Glassware - https://amzn.to/3KRPSrf
    Ice mould - https://amzn.to/3EWlecr

    Disclaimer:
    The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.

    About The Channel:-
    If you love homestyle cocktails, reviews of Alcohol, Drink kn

    Cooking video | 1237 views