Info Edge Receives ₹3.64 Crore Tax Demand Notice from Income Tax Department for FY25
Info Edge (India) Limited received a tax demand notice of ₹3,64,63,140 from the Income Tax Department for Assessment Year 2024-25, primarily related to disallowance of ESOP expenses. The company stated there is no material impact on financials or operations and is reviewing the appealable order. Similar disputes for previous years are pending before tax authorities, with tribunal decisions historically favoring the company since 2007-08.

*this image is generated using AI for illustrative purposes only.
Info Edge (India) Limited has received a tax demand notice of ₹3,64,63,140 from the Income Tax Department for Assessment Year 2024-25. The company disclosed this development through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Tax Demand Details
The assessment order was received on March 20, 2026, at 06:44 PM from the Assessment Unit of the Income Tax Department. The demand has been issued under Section 143(3) of the Income Tax Act, 1961, and primarily relates to disallowance of Employee Stock Option Plan (ESOP) expenses claimed by the company.
| Parameter: | Details |
|---|---|
| Tax Demand Amount: | ₹3,64,63,140 |
| Assessment Year: | 2024-25 |
| Issuing Authority: | Assessment Unit, Income Tax Department |
| Legal Section: | Section 143(3) of Income Tax Act, 1961 |
| Primary Issue: | Disallowance of ESOP expenses |
Company's Response and Historical Context
Info Edge has stated that the order is appealable and the company is currently reviewing the assessment order while evaluating next steps in the matter. This tax demand follows a pattern of similar disputes the company has faced in previous years.
The company provided context regarding similar disallowances:
- Similar disallowances for Assessment Years 2016-17, 2022-23, and 2023-24 are pending before the Commissioner of Income Tax appeal
- Disallowances since Assessment Year 2007-08 have been decided by the Tribunal in favor of the company
- The Income Tax Department has filed appeals against favorable tribunal orders, which are currently pending acceptance before the Hon'ble High Court of Delhi
Financial Impact Assessment
According to the company's disclosure, there is no material impact on the financials of Info Edge relating to this order for the current financial year. The company has also confirmed no impact on its operations or other business activities.
| Impact Area: | Assessment |
|---|---|
| Financial Impact: | No material impact |
| Operational Impact: | No impact |
| Other Activities: | No impact |
| Current FY Impact: | None |
Regulatory Compliance
The disclosure was made in compliance with multiple SEBI regulations and circulars, including SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025. The company has confirmed that all information provided is true, correct, and complete to the best of their knowledge and belief, as required under Regulation 30(13) of the Listing Regulations.
The intimation has been uploaded on the company's website at www.infoedge.in for public access. Info Edge operates popular platforms including Naukri.com, 99acres.com, Jeevansathi.com, and Shiksha.com.
Historical Stock Returns for Info Edge
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.78% | +2.39% | -10.62% | -28.92% | -27.53% | +6.27% |


































