{"id":736,"date":"2025-08-01T10:27:40","date_gmt":"2025-08-01T10:27:40","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/08\/01\/jane-street-not-cooperating-with-income-tax-department-in-ongoing-investigation-report-markets-news\/"},"modified":"2025-08-01T10:27:40","modified_gmt":"2025-08-01T10:27:40","slug":"jane-street-not-cooperating-with-income-tax-department-in-ongoing-investigation-report-markets-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/01\/jane-street-not-cooperating-with-income-tax-department-in-ongoing-investigation-report-markets-news\/","title":{"rendered":"Jane Street Not Cooperating With Income Tax Department In Ongoing Investigation: Report | Markets News"},"content":{"rendered":"


\n<\/p>\n

\n

Last Updated:<\/span>

‘Their (Jane Street) servers are located outside India and access is being blocked,’ according to a Moneycontrol report citing sources.<\/h2>\n
\"Sebi<\/p>\n

Sebi barred Jane Street from participating in Indian markets on July 4, accusing it of manipulating stock indices through derivatives trades.<\/p>\n<\/figure>\n

Jane Street, a US-based hedge fund, is reportedly not cooperating with the ongoing investigation by the Income Tax Department, according to a Moneycontrol<\/em> report citing sources.<\/p>\n

\u201cTheir (Jane Street) servers are located outside India and access is being blocked. The books of accounts are also maintained outside the country, despite the requirement under Indian company law to maintain them in India. They have only a skeletal staff present here, who are also not cooperating,” the sources told Moneycontrol<\/em>.<\/p>\n

They further added, \u201cIt\u2019s premature at this stage. Once the income tax department gets all transaction data, books of account, and their effective control and management strategy would be estimated.”<\/p>\n

The development follows the income tax survey conducted on Thursday at the Mumbai premises of Jane Street\u2019s local trading partner, Nuvama Wealth Management.<\/p>\n

In a regulatory filing, Nuvama confirmed the tax survey under Section 133A of the Income Tax Act, 1961, stating, \u201cThe Income Tax Department is conducting a survey today, under Section 133A of the Income Tax Act, 1961, at the Company\u2019s Registered office. The Company is extending full co-operation with the authorities and sharing requisite information.”<\/p>\n

It added that the survey was ongoing and that business operations remained unaffected: \u201cThe survey is yet to be concluded. The Company will make requisite disclosures, if any, to the stock exchanges under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company continues to operate business as usual.”<\/p>\n

It comes after the Securities and Exchange Board of India (SEBI) barred Jane Street from participating in Indian markets on July 4, accusing it of manipulating stock indices through derivatives trades.<\/p>\n

In response to SEBI\u2019s allegations, Jane Street deposited Rs 4,843 crore in an escrow account, an amount described by SEBI as \u201cunlawful gains.” The firm maintains its innocence, claiming the trades in question were \u201cstandard arbitrage transactions.”<\/p>\n

Following the deposit, SEBI lifted the trading ban on Jane Street last week, though investigations appear to be ongoing at multiple regulatory levels.<\/p>\n

\n
\n
<\/p>\n
\"authorimg\"<\/figure>\n

<\/span><\/p>\n

Business Desk<\/a><\/p>\n

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

\n
Stay updated with all the latest news on the Stock Market, including market trends, Sensex<\/a> and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment<\/a> strategies\u2014only on News18.<\/div>\n<\/div>\n

view comments<\/span><\/p>\n

News<\/a> business<\/a> \u00bb markets<\/a> Jane Street Not Cooperating With Income Tax Department In Ongoing Investigation: Report<\/span><\/div>\n
\n
\n
Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n

Read More<\/span><\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last Updated:August 01, 2025, 15:32 IST ‘Their (Jane Street) servers are located outside India and access is being blocked,’ according to a Moneycontrol report citing sources. Sebi barred Jane Street from participating in Indian markets on July 4, accusing it of manipulating stock indices through derivatives trades. Jane Street, a US-based hedge fund, is reportedly…<\/p>\n","protected":false},"author":1,"featured_media":447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=736"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/447"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}