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NEW DELHI: Two-wheeler major Hero MotoCorp on Thursday said it has received demand notice 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/ demand notices dated March 30, 2024, pertaining to six assessment years from the Income Tax department, the company said in a regulatory filing.
The two-wheeler major is examining the orders/ notices received and shall take appropriate steps, including the filing of appeals and rectification applications, it added. The notice pertains to six assessment years, amounting to a tax demand of Rs 309 crore and interest thereon of Rs 296 crore, Hero MotoCorp said. This is on account of certain disallowances, for the assessment years 2013-14 to 2017-18 and 2019-20, it added.
The two-wheeler major is examining the orders/ notices received and shall take appropriate steps, including the filing of appeals and rectification applications, it added. The notice pertains to six assessment years, amounting to a tax demand of Rs 309 crore and interest thereon of Rs 296 crore, Hero MotoCorp said. This is on account of certain disallowances, for the assessment years 2013-14 to 2017-18 and 2019-20, it added.
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