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
Accel Partners took the first spot, registering 25 deals. Blume Ventures maintained its second spot with 20 deals. Sequoia Capital India, on the other hand, took the third spot with 20 deals.
The Finnish Minister is confident that Finnish smart solutions in energy, transport and building sectors will help Indian cities to accomplish their development plans.
“As part of our annual planning process, we are making headcount adjustments across the company — small reductions in a couple of places and aggressive hiring in many others,” an Amazon spokesman said.
Chinese iPhone manufacturer Foxconn plans to slash more than 10,000 jobs this year as part of an aggressive robot takeover. Innolux, Foxconn’s LCD-display arm is said to bear the brunt of the lost jobs.
