Nucleus Software Exports Faces INR 28,33,460 Tax Demand Over Intercompany Transactions
Nucleus Software Exports Limited announced on May 06, 2026, that it has received an order from the Income Tax Department concerning its tax liabilities for the Assessment Year 2023-24. The order raises a demand of INR 28,33,460/- (including interest) based on adjustments made to the transfer pricing margins related to certain intercompany transactions.According to the company, the Assessing Officer has issued the demand and has also initiated penalty proceedings in this matter. The demand arises from adjustments made to the transfer pricing margins regarding some intercompany transactions.
The company stated that it believes the order is not maintainable and is currently in the process of preferring appeals against the directive.
A summary of the key financial and action details is presented below:
| Detail | Information |
|---|---|
| Authority | Income Tax Department, Delhi |
| Assessment Year | AY 2023-24 |
| Nature of Demand | Adjustment to transfer pricing margins in intercompany transactions |
| Total Demand Raised | INR 28,33,460/- (including interest) |
| Date of Order Receipt | May 06, 2026 |
Despite the tax demand, Nucleus Software Exports Limited assessed that the order does not have a material impact on the company's financial standing, operations, or other core activities. The company confirmed that it is reviewing the order and will take appropriate measures, including filing an appeal and responding to the penalty proceedings.
NUCLEUS Stock Price Movement
Shares of Nucleus Software Exports Limited are rallying to ₹812 as of 3:12 PM, marking an increase of 1.65% in live trading. The equity is showing strong momentum, having traded 20,793 shares during the session and holding above its day's range.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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