22-April-2026
Taxation
 
Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concerns
22-Apr-2026

Several offshore companies and non-resident Indians (NRIs) have been asked to explain their investments in unlisted shares by the tax office. They have to disclose the source of money and share valuation reports to justify the prices paid to acquire the stocks. The Income Tax (I-T) department, said industry circles, is dipping into the repository of data after all private firms were told to dematerialise shares by June 2025.

News Source:- https://economictimes.indiatimes.com/nri/invest/income-tax-dept-seeks-details-from-nris-offshore-firms-on-unlisted-share-deals-flags-valuation-and-fund-source-concerns/articleshow/130426411.cms
 
 
 

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