Max Financial Services Receives Tax Demand Of 14.7 Million Rupees

Max Financial Services Ltd (MFSL) has received a tax demand order for 14.7 million rupees. This development comes nearly five years after the company settled a significant tax dispute of 123.78 crore under the 'Direct Tax Vivad Se Vishwas' scheme in 2020. The current tax demand appears to be a new issue, separate from the previously resolved case. MFSL, the holding company of India's fourth-largest life insurer Max Life, has not yet released an official statement regarding this latest tax demand. Investors and stakeholders are closely watching for the company's response and potential impact on its financial position.

 

Source: Max Financial Services Ltd (MFSL) announcement, February 24, 2025.