It’s a Catch-22 situation for wealthy Indians who bought Bitcoins from overseas markets and held them in offshore wallets as the fate of cryptos hangs in limbo in India. They are now in a quandary over how to account for, and whether to disclose, these ‘digital assets’. If they hide these investments from the taxman, … Read more
NEW DELHI:The Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday issued a press note permitting foreign direct investment (FDI) in defence production above 74 per cent on the automatic route. This would be subject to access to modern technology or for ‘other reasons’ that needs to be recorded. FDI in defence production … Read more
NEW DELHI: The Enforcement Directorate has seized Rs 3.57-crore cash after raiding tours and travel firms and their CAs in Delhi-NCR to probe alleged irregularities in processing of e-visa applications for foreigners wishing to travel to India. The central probe agency said on Saturday it raided eight locations in Delhi and Ghaziabad on July 9 … Read more