{"id":925348,"date":"2025-04-25T08:52:06","date_gmt":"2025-04-25T03:22:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=925348"},"modified":"2025-04-25T08:52:06","modified_gmt":"2025-04-25T03:22:06","slug":"startups-backers-under-i-t-lens-for-potential-fund-roundtripping","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/04\/25\/startups-backers-under-i-t-lens-for-potential-fund-roundtripping\/","title":{"rendered":"Startups, backers under I-T lens for potential fund roundtripping"},"content":{"rendered":"<p>The income tax department has sent notices to many startup funders and promoters, seeking details of certain investments and tax returns for three years preceding the year in which the money was infused. These are largely startups not recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) or cases where the I-T department suspects investments have been used for \u201croundtripping\u201d of funds, ET has learnt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The income tax department has sent notices to many startup funders and promoters, seeking details of certain investments and tax returns for three years preceding the year in which the money was infused. These are largely startups not recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) or cases where the I-T department suspects investments have been used for \u201croundtripping\u201d of funds, ET has learnt.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-925348","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/925348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=925348"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/925348\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=925348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=925348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=925348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}