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'Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders'
Of the 44 shareholders in Flipkart who have sold shares, Walmart has deposited taxes for only 10 funds and entities. We have asked Walmart to explain the rationale followed while deducting or not deducting taxes from the shareholders. In case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart. Following our Flipkart investment, we have completed our tax withholding obligations under the guidance of the Indian Tax authorities.
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