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FEATURED STORIES Reclassifying Discounts As Capital Expenditure: After Flipkart, Is The Income Tax Dept. Out To Get Ecommerce Firms? At present, there are no defined laws which say that discounts and marketing expenses are capital expenditure. Mr T.V Mohandas Pai commented “This is another case of misinterpretation by the tax authorities. The government should stop such harassment of businesses and such tendencies of misinterpretation by tax authorities.” Understand The Whole Issue In This Story 3 Most Active VC Funds In India In…
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