IIFL Capital Services Limited has reported receiving an assessment order from the Income Tax Authority on May 07, 2026. The order relates to a block period spanning from April 01, 2018, to March 25, 2025. The company has been issued a tax demand amounting to ₹68,07,15,915. Management maintains that all tax liabilities have been duly discharged and plans to challenge the demand through appropriate legal channels.
Details of the Tax Demand
On May 07, 2026, IIFL Capital Services Limited received an assessment order issued by the Joint Commissioner of Income Tax. The order pertains to a specific block assessment period covering April 01, 2018, to March 25, 2025. The total quantum of the demand raised by the authorities stands at ₹68.07 crore.
Company Stance and Future Outlook
The company has officially stated that it believes it has fully complied with all applicable tax obligations during the specified period. Management asserts that they possess robust factual and legal grounds to contest the order. Consequently, the firm does not anticipate any material adverse impact on its financial health or day-to-day operations.
Next Steps
In response to the demand, IIFL Capital Services Limited is currently evaluating its legal options. The company intends to initiate the formal appeal process as permitted under the law to resolve the matter and protect its interests.
Source: BSE
