Friday, September 29, 2023
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Cbdt

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