Taxman Knocks on Fortis Malar's Door with ₹15.1 Million Demand

Fortis Malar Hospitals Ltd has been served with an income tax demand order worth ₹15.1 million. The move is part of ongoing tax assessments and highlights the regulatory hurdles for healthcare operators in India. The company is expected to assess the order and respond in necessary fashion to tackle the tax implications.

 

In the larger picture, the parent firm Fortis Healthcare has been going through some financial and regulatory issues, such as a recent tax notice of ₹89.53 crore for one of its units, Fortis Hospitals Ltd. Amidst these problems, Fortis Healthcare has demonstrated resilience with excellent financial performance in FY24 with a consolidated profit after tax of ₹645 crores.

 

Source: Healthcare Industry News