Sachin Bansal pays Rs 699 crore as advance tax on gains from the Flipkart deal
Updated : January 03, 2019 06:18 AM IST
The income tax department had earlier sent notices to Sachin and Binny Bansal, the co-founders of the Singapore-listed company as well as other stakeholders such as SoftBank and eBay to disclose the capital gains made on the sale of their shares in Flipkart.
Both Binny and Sachin are yet to declare the total gains to the I-T department. The co-founders of the company have not yet responded to the tax department query with deal details and about the tax due from capital gains.