Bansal pays Rs 699cr tax on gains from Flipkart

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.

from Times of India http://bit.ly/2GR4CHD