5Paisa Capital Limited has informed the Exchange about Action(s) initiated or orders passed
5PAISA · price
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5Paisa Capital Limited has received a tax demand order dated May 4, 2026, from the Joint Commissioner of Income Tax (OSD), Central Circle-4(4), Mumbai. The order raises a tax demand of ₹33,02,51,362 (approximately 33 crore rupees) under Section 158BC(1)(c) of the Income Tax Act, 1961. The company states it has duly discharged all applicable tax liabilities and believes it has adequate factual and legal grounds to contest the demand. The company is evaluating the order and plans to file an appeal within prescribed timelines.
The company claims no material impact on financials or operations as they are contesting the order. However, a 33 crore tax demand could create liquidity pressure if ultimately upheld. Shareholders should monitor appeal outcomes.