Round Tripping
- In the backdrop of growing menace of round-tripping of funds, several start-ups, including prominent unicorns, have received tax notices.
- Round tripping refers to money that leaves the country through various channels and comes back in the shape of foreign investment.
- Round tripping concept has not been defined or laid down in any laws in India.
- A primary reason for prohibition of round tripping in India was to restrict the money routed out to tax havens for tax avoidance and evasion ....
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