Fortis Healthcare Subsidiary Faces INR 117.04 Crore Tax Demand
Fortis Healthcare Limited announced that its wholly-owned subsidiary, Fortis Hospitals Limited, has received an Income Tax Order dated March 27, 2026, for the Assessment Year 2024-25. The order stipulates a tax demand of INR 117.04 Crores against Fortis Hospitals Limited.The Income Tax Authority issued the assessment order, raising the demand. Fortis Healthcare Limited is currently evaluating options, including filing an appeal and a rectification application against the order. The potential financial implications of this demand are estimated at INR 117.04 Crores.
| Particulars | Details |
|---|---|
| Name of Opposing Party | Income Tax Authority |
| Court/Tribunal/Agency | Income Tax Authority |
| Details of Dispute/Litigation | Assessment order dated 27.03.2026 for AY 2024-25 raises a demand of INR 117.04 Crores on Fortis Hospitals Limited. |
| Quantum of Claims | INR 117.04 Crores |
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