Fortis Healthcare Subsidiary Receives ₹117 Crore Tax Demand Order
Fortis Healthcare's subsidiary, Fortis Hospitals Limited, received an Income Tax Order on March 27, 2026, raising a demand of ₹117.04 Crores for AY 2024-25. The company is evaluating options including filing an appeal and rectification.
A tax demand of ₹117.04 Crores can have a notable financial impact on the subsidiary and potentially the parent company, though the company is evaluating options to address it.
The company has received a significant tax demand order, which is a negative development.
Fortis Healthcare Limited announced that its wholly-owned subsidiary, Fortis Hospitals Limited, has received an Income Tax Order dated March 27, 2026, for the Assessment Year 2024-25. The order raises a demand of ₹117.04 Crores.
The Income Tax Authority is the opposing party in this matter. The dispute pertains to an assessment order issued by the Income Tax Authority, resulting in the aforementioned demand on the subsidiary.
Fortis Healthcare Limited is currently evaluating all available options. This includes the possibility of filing an appeal and a rectification application against the order. The company has indicated that the expected financial implication due to this demand is ₹117.04 Crores.
What to do with a filing like this
Fortis Healthcare Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Fortis Healthcare Limited. Read the original for the full detail.