Finance

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the central board of direct taxes cbdt said that the aggregate value of undisclosed foreign asset or foreign income must not exceed rs 1 crore in case it was not previously offered to

Now, tax amnesty for undisclosed foreign assets

NEW DELHI: As part of efforts to get non-resident students and professionals, or those who have relocated to India, to come clean on undisclosed overseas assets and income, govt Saturday notified a new voluntary disclosure scheme for small taxpayers, who can pay an effective tax of 60% and avoid penalties and prosecution.In a notification, govt,...
anthropic

Here’s what investors are looking at

Anthropic is preparing for what could become one of the world’s biggest IPOs, with investors and bankers looking beyond the AI firm’s current performance and towards 2028 to assess how much the company could be worth.Two people familiar with Anthropic’s financials portfolio told Reuters that the company is forecasting revenue of about $190 billion to...
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