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Walmart-Flipkart deal: IT Dept warns Walmart

Sep 02, 2018 20:35 IST

The Income Tax Department has said that it will wait till September 7 for Walmart to pay taxes withheld following Walmart-Flipkart merger. The retail giant has to pay a tax of 2 billion dollars for completion of the 16 billion dollar deal. IT department has said that it will write to Walmart and penalise the company if it fails to pay on time.

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