Kenyan Tax Demand Notice Received by Kalpataru Projects International Limited Branch Office
Kalpataru Projects International Limited has received an assessment notice from the Kenya Revenue Authority concerning its branch office in Kenya regarding tax compliance for the financial year 2024.The company confirmed receipt of the intimation on June 15, 2026. The notification details a demand issued by the Kenya Revenue Authority pertaining to Profit Repatriation Tax (PRT), along with associated interest and penalties.
The notice specifies that the authority has demanded PRT, interest, and penalty over alleged non-payment of PRT for the financial year 2024.
Key details regarding the tax demand are as follows:
| Particular | Details |
|---|---|
| Authority Issuing Notice | Kenya Revenue Authority, Kenya |
| Date of Receipt | June 15, 2026 |
| Nature of Demand | Profit Repatriation Tax (PRT), interest, and penalty for the financial year 2024. |
| Penalty Amount | KES 11,070,578 (equivalent to approximately INR 80.95 lakhs) |
In response to the assessment notice, the branch office intends to exercise its right to file objections within the prescribed timelines. The company stated that although the penalty has been levied, the matter does not have a significant impact on Kalpataru Projects International Limited's financial or operational activities.
KPIL Stock Price Movement
Kalpataru Projects International Limited sees a robust surge in live trading, rallying 4.29% and reaching ₹1359.9 as of the 12:34 PM market check. The equity trades with immense strength near its yearly high, reflecting strong investor interest amid heavy buying activity involving nearly 1.3 million shares today.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.
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