Quick Summary
Technology giant Siemens Ltd announced on Friday, August 30, that it has received a new tax demand order from the Deputy Commissioner of Income Tax, Circle 8(2)(1), amounting to approximately ₹29.4 crore. This demand was disclosed in a stock exchange filing, where the company stated that the order was received at around 12:15 PM on August 30. This latest tax demand escalates Siemens' ongoing tax litigations and disputes, pushing the cumulative amount involved to around ₹77.5 crore. The compan
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FAQ :
Siemens Ltd has received a new tax demand order amounting to approximately ₹29.4 crore.
The tax demand order was issued by the Deputy Commissioner of Income Tax, Circle 8(2)(1).
The company received the order on Friday, August 30, at around 12:15 PM.
The cumulative amount involved in Siemens' ongoing tax litigations and disputes has escalated to around ₹77.5 crore.
Siemens Ltd has reassured stakeholders that it does not foresee any material financial impact from these orders.
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