• Sachin Bansal pays Rs 699cr tax on Flipkart gains

    Sachin Bansal pays Rs 699cr tax on Flipkart gains

    Published Date : 02-Jan-2019 10:03:38 IST

    Flipkart founder Sachin Bansal has deposited Rs 699 crore as advance tax for the first quarter of 2018-19 which includes capital gains tax from his income on sale of Flipkart stake to US retail giant Walmart. His partner and co-founder Binny Bansal is yet to disclose the capital gains made on his stake sale in the e-commerce platform, sources in the tax department have said.

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