Maruti Suzuki India receives a Rs 779.2 crore tax demand for FY 2019-20, with plans to appeal.
Maruti Suzuki India Ltd has received a tax demand of Rs 779.2 crore, including interest, from the Income Tax authority for the financial year 2019-20. The company has been issued a final assessment order and a showcause notice for penalty proceedings. Maruti Suzuki plans to file an appeal before the Income Tax Appellate Tribunal, and there is no impact on the company's financial, operational, or other activities.
July 26, 2024
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