Friday, September 29, 2023
Outlook India
Outlook Business


The Central Board of Direct Taxes (CBDT) on May 26 issued draft rules providing more flexibility for valuation of equity investments made in unlisted start-ups

Questions arise why countries like Singapore, Mauritius and the United Arab Emirates, which account for a majority of inbound foreign direct investment, are missing from CBDT’s notification

The list, however, excludes investment from countries like Singapore, Netherlands and Mauritius