Radaan Mediaworks India Limited Receives Income Tax Demand of Rs 1.72 Crore
Radaan Mediaworks India Limited has received a demand notice regarding income tax for multiple financial years, issued by the Deputy Commissioner of Income-Tax, TDS Circle-2 in Chennai. The action pertains to the company's obligations under sections of the Income Tax Act, 1961.The demand was issued based on orders passed under Sections 201(1) and 201(1A) of the Income Tax Act, 1961. The notices concern financial years 2021-22, 2022-23, and 2024-25, and were received by the company in July 2026.
The total impact of the demand on Radaan Mediaworks is Rs 1,72,49,691/-, which includes interest. The company stated that this liability has been fully recorded in its books of account.
A summary of the tax requirement and details are provided below:
| Particulars | Details |
|---|---|
| Authority | Deputy Commissioner of Income-Tax, TDS Circle 2, Chennai |
| Nature of Action | The company has been directed to pay the outstanding demand. |
| Financial Years Covered | 2021-22, 2022-23, and 2024-25 |
| Total Demand Amount | Rs. 1,72,49,691/- (Rupees one crore seventy-two lakhs forty-nine thousand six hundred and ninety-one only) |
Radaan Mediaworks confirmed that the tax demand is not a disputed liability and has already been provisioned for and recorded in its books of account. The company stated it is currently examining the orders and will take appropriate necessary steps.
RADAAN Stock Price Movement
Radaan Mediaworks India Limited's shares are surging to ₹3.48 as of 2:07 PM today, rising by an impressive 10.13% in live trading. The equity trades on a robust volume of 619,479 shares during the current market session.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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