Info Edge Receives ₹3.64 Crore Tax Demand for AY 2024-25 Related to ESOP Expenses
Info Edge received a tax demand of ₹3.64 crore for AY 2024-25 due to disallowance of ESOP expenses. The company is reviewing the order and evaluating next steps, considering it appealable. No material impact on financials or operations is expected for the current financial year.
The company explicitly stated that there is no material impact on its financials, operations, or other activities for the current financial year, limiting the impact to low.
The company has received a tax demand, which is a negative development. However, the company considers the order appealable and states there is no material impact on its financials or operations, mitigating the negative sentiment.
Info Edge (India) Limited has disclosed the receipt of a Notice of Demand dated March 20, 2026, from the Assessment Unit of the Income Tax Department concerning an Assessment Order for the Assessment Year 2024-25. The demand amounts to ₹3,64,63,140 and arises primarily from the disallowance of Employee Stock Option Plan (ESOP) expenses claimed by the company.
The company stated that the order is appealable and that it is currently reviewing the order and evaluating the next steps. Info Edge also noted that similar disallowances for Assessment Years 2016-17, 2022-23, and 2023-24 are pending before the Commissioner of Income Tax (Appeals). Historically, disallowances for Assessment Years 2007-08 were decided in the company's favor by the Tribunal, though the Income Tax Department has appealed this decision, which is now pending before the Hon'ble High Court of Delhi.
Info Edge emphasized that there is no material impact on the company's financials, operations, or other activities for the current financial year as a result of this order for Assessment Year 2024-25. The company has also assured that the information provided is true, correct, and complete to the best of its knowledge and belief, and this intimation is uploaded on the company's website.
What to do with a filing like this
Info Edge (India) Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Info Edge (India) Limited. Read the original for the full detail.