MTNL Receives ₹24.7 Million Demand Notice for Outstanding TDS/TCS

Mahanagar Telephone Nigam Limited (MTNL) has received a demand notice for ₹24.7 million regarding outstanding Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) liabilities. The notice pertains to unresolved tax demands from previous financial years. MTNL, a state-owned telecommunications service provider, is currently reviewing the notice and plans to address the issue in compliance with applicable regulations. The development adds to the financial challenges faced by the company, which has been grappling with mounting debts and operational losses. Investors will closely monitor MTNL's response to this tax demand.

 

Source: BSE Filing, Company Announcement