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Tata Capital faces a ₹413 crore tax demand for 2017-18, disputing it as a calculation error.
Tata Capital has been issued a tax reassessment notice for ₹413.18 crore by Mumbai tax authorities for the 2017-18 fiscal year, including ₹202.72 crore in interest, due to alleged underreporting of tax credits.
The company disputes the demand, attributing it to a computational error where ₹225.89 crore in taxes paid by a merged predecessor entity were not properly credited.
Tata Capital plans to appeal, calling the demand unsustainable and asserting it will not affect its financials or operations.
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Tata Capital se enfrenta a una demanda de impuestos de 413 millones de rupias para 2017-18, disputándolo como un error de cálculo.