Announced Tue, 30 Jun · 20:30 IST
Max Healthcare faces Rs 32.8 lakh income tax penalty
Regulatory & Legal View source PDF
MAXHEALTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹1130.10
prior close
₹1134.90
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AI summary
Income Tax Department has levied a penalty of about Rs 32.8 lakhs on Max Healthcare. The tax authority treated certain journal entries used to square off internal liabilities like employee security deposits and vendor adjustments as acceptance or repayment of loans or deposits through non-prescribed modes. The company says this amount is the only impact on financials and operations, and management is filing an appeal against the order.
Likely market impact
Minor penalty relative to company size; appeal filed, no material impact on operations expected.