Details of the Tax Demand
The company received a demand under Section 156 of the Income Tax Act, 1961, based on Orders under Section 201(1)/201(1A) of the Income Tax Act, 1961 for Financial Year 2023-24. The demand was issued by the Office of the Deputy Commissioner of Income-Tax, TDS Circle-2, Chennai – 600006 through Order No. TDS CIRCLE-2/CHER02485A/2023-24.
Financial Impact
The total demand amount is ₹1,67,81,895 (Rupees one crore sixty-seven lakhs eighty-one thousand eight hundred and ninety-five only), which is inclusive of interest. Out of this total demand, an amount of ₹66,43,825 is under dispute. The balance amount is undisputed and has been duly accounted for in the company's books of account, forming part of the Limited Review Reports submitted from time to time.
Authority and Date Details
The demand notice was received from the Deputy Commissioner of Income-Tax, TDS Circle 2, Chennai – 600006. The order date is August 25, 2026, and the company intimated the exchanges on August 26, 2026.
Company Response
The company is in the process of examining the above Orders and would take appropriate steps necessary. The disclosure was signed by R Ramya and Ramya Ravi, Company Secretary & Compliance Officer of Radaan Mediaworks India Limited.