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Walmart-Flipkart: Walmart Paid Rs 7,439 Crore Tax On Flipkart Deal; Didn't Deduct Taxes From 34 Shareholders
Walmart on Sept. 7, the last date for depositing taxes with the Indian authorities, paid Rs 7,439 crore withholding tax on payments made to 10 shareholders of Flipkart. 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.
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