Tag: Flipkart

Flipkart to reclassify discounts as capital expenditure as per the order from Income Tax Department

Flipkart to reclassify discounts as capital expenditure as per the order from Income Tax Department. An income tax tribunal has allowed e-commerce business player Flipkart to assert tax deductions reasoning on rebates gave to clients and in addition other publicizing and showcasing costs, a decision that will have an orientation on how online commercial centers […]

Business Standard-SoftBank’s Lydia Jett Joins Flipkart Board

According to an Economics Times report, Japanese conglomerate Softbank executive Lydia Jett who recently stepped down as a director at Snapdeal, joined the board of Indian eCommerce giant Flipkart. According to Jett’s LinkedIn profile, she looks after consumner internet and e-commerce investments at Softbank Vision Fund. The Vision Fund is an investment fund backed by sovereign nations […]

Sellers on Flipkart Dragged to Court for Selling Fake Footwear Products

 E-commerce players usually attract customers with mega deals and heavy discounts on various branded products. Sellers on Flipkart was dragged to court after a US-based athletic footwear brand, Skechers, accused it of selling fake products at higher discount. An Indiatimes.com report stated that Skechers has taken sellers on Flipkart to the court after it came […]

Flipkart, Shopclues, and Snapdeal are Selling Fake Products to Customers: Report

The internet is being widely used these days for online shopping. But everything you see on screen is not always as it might seem. All major e-commerce platforms recently conducted their Christmas and Diwali sale, where shoppers spent around Rs 19,000 crore on online shopping. Over the last year, the sector has seen a 45 […]