An income tax panel refused to stay a demand of Rs 110 crore on Flipkart, India’s largest online retailing platform, after it was asked to reclassify discounts and marketing spend as capital expenditure. This may have implications for rival Amazon, which faces a similar liability, and others. Read more here: Income Tax panel refuses to stay Rs 110 crore tax demand on Flipkart
Read More Here: Income Tax panel refuses to stay Rs 110 crore tax demand on Flipkart
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