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The Economic Times
The Economic Times
Business
Surbhi Khanna

IIFL Finance shares drop 8% as IIFL Home Finance gets Rs 963 crore tax demand

IIFL Home Finance IIFL Finance Income Tax

Shares of IIFL Finance fell nearly 8% on Tuesday after the company and its core subsidiary, IIFL Home Finance, disclosed income tax assessment orders. IIFL Home Finance faces a tax demand of Rs 963.39 crore, including cess and surcharge.

According to a filing with the exchange on Tuesday, the demand relates to a block assessment covering the period from April 1, 2018 to February 3, 2025.

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