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June 5, 2025 | News
RBI’s Final Deadline for Regularizing Overseas Investment Reporting Delays
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Resident Individuals to open Foreign Currency bank Accounts (FCA) with IBUs in IFSCs
IFSCA vide circular dated 11 July 2024, allowed Resident Individuals to open Foreign Currency bank Accounts (FCA) with IBUs in IFSCs for all permitted capital and current account transactions. Further to the same, owing to operational challenges IBUs were unable…
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Section 79: How a funding round can kill your carry forward losses
A startup spends its first two years burning cash, building product, and accumulating losses on its books. Those losses are not dead weight. Under the Income Tax Act, 1961, they are a deferred tax asset: a future claim to reduce…
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