Tuesday, April 6, 2021

Mumbai HC says ByteDance should deposit $11 million in tax evasion case

An Indian court on Tuesday said China's ByteDance must deposit around $11 million that federal authorities believe the company owes in an alleged case of tax evasion, a setback for the firm which wanted to unblock its bank accounts to pay salaries. https://ift.tt/3fU01UZ

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India extends a deadline for implementing a 30% cap on any company's share of transactions on UPI payments network, providing relief to Google Pay and PhonePe (Manish Singh/TechCrunch)

Manish Singh / TechCrunch : India extends a deadline for implementing a 30% cap on any company's share of transactions on UPI payment...