Jul 27, 01:03 AM

Maruti Suzuki Faces Rs 779 Crore Tax Demand, Penalty Proceedings Initiated

On July 26, Maruti Suzuki received a final assessment order from the Income Tax Department demanding Rs 779 crore for the financial year 2019-20. The demand includes interest, totaling Rs 779.2 crore. The company has also received a Show Cause Notice for the initiation of penalty proceedings related to this income tax demand. Maruti Suzuki has responded to the demand, although the specifics of the response were not disclosed.

#Maruti Suzuki #Income Tax Department #Show Cause Notice

Written with ChatGPT (GPT-4o).

Sources

News18@CNNnews18
2 years ago
The leading two-wheeler maker Suzuki has recalled over 4 lakh motorcycles and scooters in India. The decision was taken after witnessing a faulty high-tension cord connected to the ignition coil #MarutiSuzuki #MotorCycles https://t.co/uvuLHzoAVc
Markets Today@marketsday
2 years ago
#MaurtiSuzuki receives Rs 779.2 crore tax demand including interest from #IncomeTax authority.
Business Standard@bsindia
2 years ago
Automaker Maruti Suzuki India Ltd on Friday said it has received a demand of Rs 779.2 crore, including interest from the Income Tax authority. https://t.co/mnKV7JjhOF

Maruti Suzuki Faces Rs 779 Crore Tax Demand, Penalty Proceedings Initiated

Sources

Additional media

Similar Stories