IIFL Capital Receives Rs 68.07 Crore Income Tax Demand:
IIFL Capital has received an income tax demand of Rs 68.07 crore from the Joint Commissioner of Income Tax, Mumbai, for the period between April 2018 and March 2025 under the Income Tax Act, 1961.
Company believes it has strong legal grounds to contest the order
Khushi Jain
May 8, 2026IIFL Capital Receives Rs 68.07 Crore Income Tax Demand
The Joint Commissioner of Income Tax, Central Circle–4(4), Mumbai, has issued an order dated May 7, 2026, demanding Rs 68.07 crore in tax from IIFL Capital for the period from April 1, 2018, to March 25, 2025, under Section 158BC(1)(c) of the Income Tax Act, 1961.
The company said it has already paid its tax dues and believes the demand is incorrect.
IIFL Capital stated that it has strong legal and factual grounds to challenge the order and is preparing to file an appeal.
The company also said that the tax demand is not expected to have any major impact on its business operations or financial condition.
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Khushi Jain
Legal Content Writer
StudyCafe
Delhi, Delhi, India
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