IIFL Capital Receives Rs 68.07 Crore Income Tax Demand

IIFL 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.

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The company also said that the tax demand is not expected to have any major impact on its business operations or financial condition.