As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.

Looking to invest money for short-term, but equities are not your cup of tea? You may consider investing in a fixed-income instrument as one from Tata Group's stable has just hit markets.

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Managing your money can be tricky. Send your queries, and top-notch industry leaders will help you resolve any issue.

Essentially, the difference is quite simple. In a growth plan, the fund does not payout anything to the investors by way of regular payouts. All the profits of the fund are reinvested in the fund and therefore your wealth compounds. On the other hand, the dividend plan pays dividends out of profits earned and income generated.

Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.

The government, so far, has transaction details of only 73,000 companies. The Task Force on shell companies - constituted in February 2017, three months after demonetisation - has already identified 16,537 confirmed shell companies among them.

Managing your money can be tricky. Send your queries, and top-notch industry leaders will help you resolve any issue.

With SEBI mandating mutual fund schemes to recategorise and follow well-defined investment paths, it is time to review your portfolio.

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The Walmart-Flipkart deal is a possible nightmare for the tax department given the complex holding structure of the Indian e-commerce giant.

SoftBank CEO Masayoshi Son's indecisiveness had reportedly stemmed from two factors - the significant tax liability involved and his reluctance to miss out on Flipkart's potential valuation jumps in the future.

Employee Stock Ownership Plan, or ESOPs, are in focus following the Walmart-Flipkart deal. But, what does it mean for the taxman, and talent in India?

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While short-term capital gains tax in the hands of foreign investors is 40 per cent, long-term capital gains tax is levied at 20 per cent for shares sold after 24 months of purchase.

The tax on the deal arises due to indirect transfer provisions of Indian income tax laws. The tax provisions say income arising out of transfer of share of a company registered outside India is taxable in India, if such shares derive substantial value from assets located in India.

According to tax experts, there are two taxation angles to the Walmart-Flipkart deal, if it goes through.

Equity Linked Saving Scheme (ELSS) is a tax-saving mutual fund, which qualifies for deduction of up to Rs 1.5 lakh under section 80C of the income tax act. It has a lock-in period of three years with long term capital gains over Rs 1 lakh being taxed at 10%. Watch BusinessToday.In video to know the factors you should consider before investing in this instrument.