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FLIPKART TAX CASE
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...17 Mar, 2023, 08.10 AM IST- Karnataka HC grants interim stay to Flipkart in Rs 1,100 crore tax caseAdditionally, the HC also said in an interim order that no coercive action should be taken against the company till the next hearing on the...08 Feb, 2023, 11.04 PM IST
- Swiggy, Instakart under tax lens over fake GST claimsCompanies deny charges of generating bogus invoices via fictitious firms.09 Jan, 2021, 08.41 AM IST
- I-T department moves HC against Flipkart's ITAT rulingThe contention of the I-T department has been that Flipkart earned an enduring benefit via aggressive cash discounts, which in turn resulte...20 Feb, 2020, 08.49 AM IST
- Income Tax department examining taxation issues in Walmart-Flipkart dealThe CBDT member further said the revenue department has sold almost all of Cairn Energy Plc's attached shares to recover part of the Rs 10,...04 Dec, 2018, 04.35 PM IST
- Overseas sellers of Flipkart shares under I-T lensThe tax authorities want to ascertain if the withholding tax liability has been duly discharged.30 Nov, 2018, 12.05 PM IST
- 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...04 Oct, 2018, 11.11 AM IST
- 'Walmart paid Rs 7,439 crore tax on Flipkart deal; did not deduct taxes from 34 shareholders'US retail giant Walmart Inc had on September 7 said it has complied with the tax obligations of its $16 bn acquisition of India's largest o...16 Sep, 2018, 12.50 PM IST
- Have complied with tax obligations in Flipkart deal: WalmartOf the 44 shareholders of Flipkart who have sold stake to Walmart, the significant ones include SoftBank, Naspers, venture fund Accel Partn...07 Sep, 2018, 06.58 PM IST
- IT dept to wait till September 7 for Walmart to pay tax on Flipkart dealAs per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian auth...02 Sep, 2018, 04.28 PM IST
- Walmart may approach income tax department to determine tax liability in Flipkart dealIn May, the I-T department had written to Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (...09 Aug, 2018, 08.43 PM IST
- Tax department to seek share purchase pact from Flipkart to ascertain tax liabilityTo ascertain the exact tax liability, the revenue dept will write to Flipkart seeking the share purchase agreement that the company had ent...13 May, 2018, 04.57 PM IST
- '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...08 May, 2018, 08.37 PM IST
- Income Tax department to consider ITAT's Flipkart rulingIn a bid to cut down on litigation, the government only files appeals in cases that are merited “CCIT will examine the order, then a decisi...27 Apr, 2018, 11.59 PM IST
- 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...12 Apr, 2018, 06.44 AM IST
- Experts at a loss to explain taxmen's Flipkart 'paradoxical' mathThe income-tax department views Flipkart as an anomaly since the company has been making losses while its valuation has been rising, said a...25 Jan, 2018, 10.23 AM IST
- Tax ruling on Flipkart can hit other e-playersFlipkart is likely to appeal the ruling. But if it stands, the ruling has the potential to impact how other ventures who employ similar met...23 Jan, 2018, 10.54 AM IST
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