Maruti Suzuki receives ₹5,800 crore tax order
pre-market1 source ↓written by the desknot a recommendation
- for the fiscal
- ₹5,800 crore
- following the announcement
- 1.88% higher
Maruti Suzuki India received a draft assessment order from the Income Tax authorities amounting to nearly ₹5,800 crore for the fiscal year 2022-2023. The order relates to certain disallowances concerning returned income. The company plans to file objections, stating that this order does not affect its financial or operational activities.
Shares of Maruti Suzuki ended 1.88% higher following the announcement, reflecting investor confidence amid the tax scrutiny.
Not investment advice. For informational purposes only.