Apart from I-T returns, tax officials have also asked for details of bank accounts and proof of income of the investors and promoters. The notices have raised concerns about the department treating amounts received from the issue of shares as income. Also, many investors did not wish to share their personal tax records or sources of funds with startups in which they invest small sums.
Risk Disclosure
Trading in financial instruments and digital currencies involves high risks, including the potential loss of your entire investment. Prices are highly volatile and can be influenced by financial, regulatory, or political events. Trading on margin increases these risks.
Before trading, be fully aware of the associated risks and costs, and consider your investment objectives, experience level, and risk appetite. Seek professional advice if necessary.
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