Announced Tue, 7 Apr · 18:39 IST
Income Tax demand of ~Rs 46.9 cr on Tanla over alleged TDS non-withholding
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TANLA · 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
+11.2%1-day move
₹427.00
prior close
₹444.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-2.1-1.8-0.6+11.2+10.9+7.7+12.5+14.3+12.9+19.6+31.6+17.4+22.4
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AI summary
Tanla Platforms received an Income Tax demand of Rs 46.90 crore (incl. interest) for AY 2020-21, alleging non/short-withholding of TDS on asset-purchase consideration from FY 2018-19. The order was issued on March 31, 2026. The company plans to contest it, citing strong legal grounds. Per the Share/Asset Purchase Agreement, the seller is contractually liable for any such withholding tax claims, so Tanla expects no material financial or operational impact.
Likely market impact
Minimal shareholder impact expected as the seller is contractually liable for the tax demand under the SPA; company plans to contest.