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Zerodha and Kamath brothers: Peek into India's successful startup owners' journey, fallout and fallback

While their controversial ten-figure salary might be the focal point of Zerodha s Nithin and Nikhil Kamath s public image right now, here are a few things about Karnataka s billionaire boys that deserve kind attention too. ....

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Zerodha's ₹100 cr salary proposal points to India's tax anomalies

Zerodha’s ₹100 cr salary proposal points to India’s tax anomalies
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The board of Zerodha Broking Ltd has passed a resolution to pay up to ₹100 crore in salary to three directors. The move has led to much chatter, causing the firm’s founder Nithin Kamath to clarify matters on Twitter. In a nutshell, one of his main defences is that for a bootstrapped firm that doesn’t want to sell shares to outside investors, receiving high salaries is one of the most flexible ways for founders to take liquidity out.
Another option is to receive dividend, although from a taxation perspective, this is now the most inefficient way for a promoter to take out liquidity. The profits generated by Kamath’s firm will be first subject to corporation tax of around 25%. The remainder, if paid out as dividend, will be subject to tax in the hands of the promoters at the rate of around 36%. ....

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5 web shows to widen your horizon with foreign languages

The best way to learn and pick up a language is by watching a film or web series with subtitles. And with you having ample time at home to binge-watch content at its very best, why not tap the play button and experience some of the best shows made in foreign languages. If you’re wondering which are the best ones to stream, here are five of the very best. Open your mind to world cinema with these must-watch foreign shows. DOM (Amazon Prime. ....

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Zerodha's profits more than doubled to Rs 1,000 cr in FY21: Kamath

The company has recently been in the news after its board approved an enabling resolution to allow promoters of the bootstrapped startup to draw a salary of Rs 100 crore ....

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Paytm IPO before Nov, Delhivery funding, crypto curbs

In today s ETtech Morning Dispatch newsletter, Paytm IPO is likely "before November" this year; Delhivery raises more than Rs 2,000 crore ahead of its IPO next year; and Zerodha s profit more than doubled in FY21. ....

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