Founders to pay capital gains tax post Flipkart sale: Report
Flipkart founders Sachin and Binny Bansal may have to pay 20% capital gains tax after selling their company shares to US-based Walmart, according to tax experts. Further, the deal would be taxable in India since a substantial value of Singapore-registered Flipkart's shares is derived from India, they noted.  The Walmart-Flipkart deal was confirmed by SoftBank CEO Masayoshi Son on Wednesday.