Sachin Bansal pays an advance tax of Rs.699 crore on gains from Flipkart

Sachin Bansal pays an advance tax of Rs.699 crore on gains from Flipkart: As per a news source, Sachin Bansal, Founder of the e-commerce platform Flipkart, has deposited an advance tax of Rs.699 for the first quarter of 2018-19. The amount includes capital gains tax from his income on sale of Flipkart stake to the US-based 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.

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