Tax order received for AY 2023-24 with INR 23.88 crore transfer pricing adjustment

Regulatory & Legal View source PDF Explain this filing

XCHANGING · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹69.02

prior close

₹69.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+1.3% vs market

Computers - Software & Consulting peers, median of 66sector-0.2%+1.7% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.7 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.5

15m

+0.8

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.1+1.3-0.2+1.7

Next day

+2.2+2.2+0.1-0.3+2.5

+2.2+1.8+0.4-0.9+3.1

+4.2+3.6+0.6-0.7+4.9

+5.5+2.3+3.2+0.3+5.2

+7.9+6.1+1.8+1.9+6.0

+4.8+6.4-1.6-0.8+5.6

15d

-1.0+7.0-8.0-4.9+3.9

-5.0+3.8-8.8-10.7+5.6

-26.3-5.2-21.1-22.0-4.3

-3.1+12.5-15.5-5.6+2.5

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Xchanging Solutions received an order under Section 92CA(3) of the Income Tax Act for Assessment Year 2023-24. The Income Tax Authority computed transfer pricing adjustments of about INR 23.88 crores for interest on loans and delayed receivables from Associated Enterprises. Final tax demand and any penalties will be determined as part of the assessment order. The Company plans to file objections with Income Tax Appellate Authorities within prescribed timelines.

Likely market impact

Transfer pricing adjustment of INR 23.88 crores may lead to a tax demand; Company plans to appeal. Watch for the final assessment order.