NBFC providing gold loans and business loans, IIFL Finance Ltd, said on Tuesday (May 12), that it has received an income tax order raising a demand of ₹475.56 crore for the block period from April 1, 2018, to February 3, 2025.
The order was passed by the Joint Commissioner of Income Tax (OSD), Central Circle 4(4), Mumbai. The assessment order was received on May 12, 2026, the company said.
IIFL Finance stated that it believes it has duly discharged all applicable tax liabilities and has adequate factual and legal grounds to support its position. It added that it does not expect any material impact on its financials or operations due to the order.
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The company is evaluating available options and will pursue appeals against the order under applicable laws.
Shares of IIFL Finance Ltd ended at ₹445.05, down by ₹17.85, or 3.86%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
