Radaan Mediaworks Receives Income Tax Demand Notice of ₹1.68 Crore
Radaan Mediaworks India Limited received an Income Tax demand notice for ₹1.68 crore for FY 2023-24. Of this, ₹66.44 lakh is disputed. The company is reviewing the order and will take appropriate actions.
The demand notice involves a significant amount of ₹1.68 crore, which could impact the company's financial position, although a portion of it is disputed.
The company has received a demand notice from the Income Tax department, which indicates a potential financial liability.
Radaan Mediaworks India Limited has received a demand notice under Section 156 of the Income Tax Act, 1961, based on orders under Section 201(1)/201(1A) for the Financial Year 2023-24. The notice was issued by the Office of the Deputy Commissioner of Income-Tax, TDS Circle-2, Chennai, bearing Order No. TDS CIRCLE-2/CHER02485A/2023-24, dated 25th August 2026.
The total demand amounts to ₹1,67,81,895 (Rupees one crore sixty-seven lakhs eighty-one thousand eight hundred and ninety-five only), which includes interest. The company has clarified that ₹66,43,825 of this total demand is under dispute. The undisputed portion has been accounted for in the company's books and is included in their Limited Review Reports.
Radaan Mediaworks is currently examining the orders and will take necessary appropriate steps.
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