Fortis Healthcare Subsidiary Receives ₹149 Crore Income Tax Demand for AY 2021-22
Fortis Healthcare's subsidiary, Fortis Hospitals Limited, received an Income Tax Order for AY 2021-22, raising a demand of ₹149.12 Crores. The company is evaluating options to appeal the order.
A tax demand of ₹149.12 Crores can impact the company's financial performance and liquidity, though the company is evaluating options to contest it.
The company has received a significant tax demand, which is a negative development.
Fortis Healthcare Limited announced that its wholly-owned subsidiary, Fortis Hospitals Limited, has received an Income Tax Order for the Assessment Year 2021-22. The order raises a demand of ₹149.12 Crores.
The Income Tax Authority issued the assessment order on March 27, 2026, with the event occurring on March 31, 2026, at 01:35 PM. The dispute pertains to the assessment year 2021-22, and the total demand raised is ₹149.12 Crores.
Fortis Hospitals Limited is currently evaluating all available options, including filing an appeal and a rectification application against the Income Tax order. The company is assessing the potential financial implications of this demand.
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