Tag: Rebate

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 […]