Meesho gets income tax demand notice of Rs 1,500 cr 'AY 2023-24'

E-commerce firm Meesho has received an income tax demand notice of around Rs 1,500 crore, including interest, which the company plans to contest, a recent company filing said.

Meesho received the notice on March 6 for assessment year 2023-24.

“The Assessment Unit of Income Tax Department has raised a tax demand aggregating to Rs 14,99,73,82,840, including applicable interest,” the filing



said.

The filing said that the demand order is based on certain additions and adjustments to the income reported by the company.

“The company is currently evaluating the Assessment Order and does not concur with the observations and adjustments made in the Assessment Order. The company believes that it has adequate legal and factual grounds to contest the same and is taking necessary steps to protect its interest,” Meesho said.