Walmart-Flipkart Deal: High stakes tax fight in India can’t be ruled out – Amit Agarwal
Flipkart founders Sachin and Binny Bansal may have to pay 20 per cent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts. The Indian e-commerce major is in discussions to sell majority holding to Walmart and an announcement to this effect is likely to be made soon, sources close to the development said.
2. Amit Agarwal, Partner shares his views on Walmart-Flipkart Deal: High stakes tax fight in India can’t be ruled out for Financial Express.