In the last few years, the Indian internet saga has caught attention of global investors including all PE/VC funds. In addition, this would help in easing out compliance burden of small traders and businessmen who carry out trade on such e-commerce platforms. To boost further investment in the e-commerce space, period for carry forward of business losses by specified category of business in e-commerce domain can be further enhanced, say upto 10 years. High ad spend by e-commerce platforms more often than not, is categorized as creation of intangibles by taxmen, thus leading to tax controversies at lower levels of litigation. which would put to rest many controversies.E-commerce companies have often been overburdened with monthly paperwork, both at central and state level.

Source: Economic Times January 28, 2017 06:17 UTC