Income Tax Department Asks Ecommerce Giant Flipkart To Reclassify Discounts As Capital Expenditure - Inc42 Media

Income Tax Department Asks Ecommerce Giant Flipkart To Reclassify Discounts As Capital Expenditure - Inc42 Media

Income Tax Department Asks Ecommerce Giant Flipkart To Reclassify Discounts As Capital Expenditure Inc42 Media Ecommerce player Flipkart has lost an appeal against the Income Tax (IT) department over the reclassification of marketing expenditure and discounts as capital expenditure, which involves substantial tax liabilities. As per the ruling in December, the ...