RBI’s auto debit rule could cause tax woes for fintech startups Mumbai: The Reserve Bank of India's (RBI) auto debit rule could bring tax complications for fintech companies that have set up platforms for banks to integrate with a common e-mandate platform to ensure compliance. Fintech companies run the risk of attracting a 2% equalisation
India Business News: Mumbai: In a big win for the revenue authorities, the Supreme Court of India (SC) has held that the provisions of the ‘Most Favoured Nation’ (MFN) cla.
A founder who is in the middle of raising a down round said the threat of getting I-T notices has gone up especially after the government brought overseas funds under ‘angel tax, or Section 56(2)(viib) of the Income-Tax Act, 1961, from 2023-24.