Shreya Singhal, who was instrumental in getting Section 66A struck down, will approach Supreme Court if the new provision impedes freedom of speech.
In a joint statement, one of the top ecommerce firms in the country Snapdeal along with audit and consultancy firm PwC has asked for relaxation of restriction on carry forward.
Vijay Shekhar Sharma, the CEO of digital payment firm Paytm, said till now consumers were being penalised for paying through their cards or wallets.
This portion of the Information Technology Act was trashed by the Supreme Court about a year ago as vague, unconstitutional and violative of the freedom of speech.
Incentivising digital payments to promote online payments, bell tax avoidance and reduce cost of cash
Industry experts said that the measures once operationalized will help in increasing increase tax compliance by creating an electronic trail.
In a representation to the government, the Internet industry body has rooted for the passage of the crucial Goods and Services Tax.
“We are currently reasonably well funded, but will start the fresh fundraise process in the next few months,” said Varun Dua.
Reliance Retail operates India’s largest chain, with more than 3,000 stores in 371 cities. Lenskart, based in Faridabad, already operates 150 stores.
Volvo's IT business is an important addition of HCL Technologies' portfolio as it brings in an annual billing of about $200 million, sources added.
Rajat Pahari, founder of Bunchball, says that says his company can solve problems not only in the corporate sector but also in the social sector.
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