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FLIPKART TAX
PE-VCs push structural reboot; Cred backers’ Meta gainsHappy Friday! India’s PE-VC lobby is seeking a structural overhaul to woo foreign capital and fund managers. This and more in today’s ETtec...- Flipkart-backed Ninjacart raises $6 million from Accel, Nilekani, Tiger GlobalNinjacart, a Flipkart-backed agritech firm, has secured $6 million from existing investors, signaling its readiness for a public listing wi...
- Adani Group to enter nuclear power, targets 10 GW by 2035Gautam Adani revealed ambitious expansion plans, including a 10 GW nuclear power venture by 2035 under Adani Atomic Energy. The conglomerat...
- Ecommerce isn't adding much to Retail Inc's cartAn ET analysis of eight major retailers-market leader Reliance Retail, Shoppers Stop, Westside, Arvind Fashions, DMart, Spencer's Retail, P...
- Zepto IPO: Founders Aadit Palicha, Kaivalya Vohra skip OFS as Nexus Ventures leads share saleZepto’s founders, Aadit Palicha and Kaivalya Vohra, will retain their stakes and not participate in the Rs 9,500 crore IPO’s offer-for-sale...
- H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...
- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
- West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
- Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
- ETtech Explainer: What does Blinkit’s growth moderation mean for rivals?The platform recently reported its second straight quarter of positive adjusted Ebitda (earnings before interest, taxes, depreciation and a...
- Flipkart wins against Karnataka tax dept; HC orders refund of Rs 16.11 crore deposit with interestThe suit was the result of the commercial taxes department treating mobile phone chargers as an unscheduled commodity and taxing them at a ...
- SC dismisses UP govt's appeal against Allahabad HC's Flipkart tax orderThe Supreme Court upheld the Allahabad High Court's decision to quash tax reassessment proceedings against Flipkart India for the assessmen...
- Flipkart gets Rs 1,700 crore relief from the Bengaluru bench of tax tribunalThe ITAT followed a ruling by the Karnataka High Court with regard to a similar case involving pharmaceutical company Biocon as well as rul...
- Sachin Bansal pays Rs 699 crore advance tax on gains from Flipkart saleThis includes capital gains tax from his income on sale of Flipkart stake to US retail giant Walmart.
- Walmart submits to I-T dept details of tax deducted from each Flipkart investorWithholding tax, or retention tax, is an income tax to be paid to the government by the payer of the income rather than by the recipient of...
- All details in, taxmen begin solving the Walmart-Flipkart tax riddleI-T dept had written to Flipkart, prior to the deal’s announcement, seeking details of the transaction to examine the tax implications of t...
- 'Flipkart founders may be liable for 20% capital gains tax after stake sale to Walmart'Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global and Japanese conglomerate Softbank, to end u...
- Discounts by Flipkart are not taxable: Income-Tax Appellate TribunalThe tax department had demanded Rs 110 crore from Flipkart as tax assessed for 2015-16 after reclassifying the discounts and spending on ma...
- Can’t pay tax on fictional income: Flipkart to Income Tax Appellate TribunalTax and startup industry experts say a verdict against Flipkart could fundamentally change how internet and other companies in India are ta...
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