Sachin, Binny Bansal issued tax notices over $16-bn Walmart deal
Flipkart Co-founders Sachin Bansal and Binny Bansal with 35 shareholders have been issued notices by the Income Tax Department, asking them to disclose their total earnings from the $16-billion Walmart deal. Binny said he received a query a few months ago and had responded to the same. Walmart had earlier deposited â¹7,439-crore tax, not deemed satisfactory by the I-T Department.