Antfin to not pay capital gains tax on Paytm stake sale: Report
Alibaba Group subsidiary Antfin will be exempted from paying capital gains tax for its ₹2,100-crore stake sale in Paytm, Moneycontrol reported. Since Antfin's invested through its Dutch entity, capital gains tax is exempted under tax agreement between India and the Netherlands. Under the agreement, entity needs to own stake less than 10% in the firm whose shares are being sold.