Colgate-Palmolive India receives a Rs 248.74 crore tax demand notice from Income Tax Authority over a transfer pricing issue.
Colgate-Palmolive India Ltd has received a Rs 248.74 crore tax demand notice from the Income Tax Authority in a transfer pricing-related issue. The company plans to challenge the order before the appellate tribunal and has stated there is no impact on its financial operations or activities. The demand includes interest amounting to Rs 79.63 crore and pertains to the financial year ended on March 31, 2021.
July 28, 2024
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