Key Points
The countrys largest two-wheeler maker Hero MotoCorp on Thursday said it had received demand notices from the Income Tax department for around Rs 605 crore, including interest, for six assessment years...
On April 3, 2024, the company received assessment orders or demand notices dated March 30, 2024, pertaining to six assessment years from the Income Tax Department, the company said in a regulatory filing..
Hero MotoCorp has said the demand raised is unsustainable in nature, and is unlikelyto have material impact on financials, operations or other activities of the companyThe two-wheeler major disclosed that tax demand was on account of certain disallowances for 2013-14 to 2017-18 and 2019-20..
The notice pertains to six assessment years, amounting to a tax demand of Rs 308.65 crore and interest thereon of Rs 296.22 crore, Hero MotoCorp said...
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