MCX Subsidiary Receives Income Tax Demand Notice
Multi Commodity Exchange of India Ltd (MCX) announced that its wholly owned subsidiary, Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), has received a Notice of Demand from the Income Tax Department. The notice, dated March 28, 2026, pertains to an Assessment Order for Assessment Year 2024-25.The demand notice, received on March 28, 2026, totals Rs. 9,97,13,980. The demand arises from a disallowance of contributions made by MCXCCL to its Core Settlement Guarantee Fund.
According to details released by the company, MCXCCL is preparing to file an appeal against the order. The company stated there is no anticipated impact on the operations or other activities of MCX or its subsidiary as a result of the Notice of Demand. The financial impact is limited to the amount of the demand.
| Sr. No. | Particular | Information/Remarks |
|---|---|---|
| 1 | Name of Authority | Assessment Unit, Income Tax Department |
| 3 | Date of receipt of direction or order, including ad-interim or interim orders, or any other communications from the authority | March 28, 2026 |
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