IIFL Finance Faces Tax Demand of Rs.475.56 Crore from IT Authority for Period 2018-2025
IIFL Finance Limited has reported receiving a tax demand notice from the Income Tax Authority, covering the block period from April 01, 2018, to February 03, 2025. The demand, which amounts to Rs.4,75,56,46,790/-, was raised vide assessment orders dated May 12, 2026, under Section 158BC(1)(c) of the Income Tax Act, 1961.In the assessment orders received by the company on May 12, 2026, the Joint Commissioner of Income tax (OSD), Central Circle - 4(4), Mumbai (the IT Authority), raised the tax demand.
The key financial details regarding the tax assessment are as follows:
| Particular | Details |
|---|---|
| Issuing Authority | Joint Commissioner of Income tax (OSD), Central Circle - 4(4), Mumbai |
| Block Period | April 01, 2018 to February 03, 2025 |
| Date of Order | May 12, 2026 |
| Nature of Demand | Tax demand under Section 158BC(1)(c) of the Income Tax Act, 1961 |
| Quantum of Demand | Rs.4,75,56,46,790/- |
Despite the notice, IIFL Finance Limited stated that it believes it has duly discharged all its tax liabilities as applicable. The company noted that it possesses adequate factual and legal grounds to substantiate its position and does not anticipate any material impact on its financials or operations resulting from the said tax orders. IIFL Finance plans to evaluate various options and will pursue appeals against the orders under the applicable laws.
IIFL Stock Price Movement
IIFL Finance Limited shares shed 3.55% on Tuesday, settling at ₹445.7. The equity traded on a volume of 1.03 million shares, finding support near its day's low of ₹443.3.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.