Yes Bank gets Revised Order, Rs. 2,209.17 Crore Tax demand is Now Deleted:
On Thursday, Yes Bank stated that a rectification order was received by it from the Jurisdictional Assessing Officer (JAO).
Yes Bank Demand Deleted
Janvi Koli
Apr 26, 2025Table of Contents
On Thursday, Yes Bank stated that a rectification order was received by it from the Jurisdictional Assessing Officer (JAO).
What Happened
- The bank received a tax demand for Assessment Year 2019-20
- The tax authorities wrongly asked for Rs 2,209.17 crore (including interest)
- This demand came from an error in calculations, not from any actual change in the bank's reported income
How It Was Resolved
- Yes Bank filed an appeal and requested corrections
- On April 24, 2025, the tax department issued a rectification order
- The incorrect tax demand has now been completely removed
About Author
Janvi Koli
Digital Marketing Executive
Janvi is an expert content writer focused on taxation and compliance. She writes insightful articles on income tax, GST, company law, and government policies. Known for her practical approach, she simplifies complex regulations to help readers stay informed and compliant. She can be reached at [email protected]
Janvi is an expert content writer focused on taxation and compliance. She writes insightful articles on income tax, GST, company law, and government policies. Known for her practical approach, she simplifies complex regulations to help readers stay informed and compliant. She can be reached at [email protected]
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