Tata Consumer Products Receives ₹269.29 Crore Income Tax Demand for FY 2018-19
Tata Consumer Products Limited has received an income tax demand of ₹269.29 crores for FY 2018-19, primarily due to non-grant of various tax credits including advance tax, TDS, foreign tax credit, and dividend distribution tax. The company considers the demand infructuous and has filed rectification requests, expecting complete deletion of the demand with no immediate impact on business operations or financials.
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Tata Consumer Products Limited has disclosed receiving a significant income tax demand of ₹269.29 crores from the Income Tax Department for the financial year 2018-19. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on January 6, 2026.
Tax Demand Details
The income tax demand originates from an intimation dated December 29, 2025, issued under section 143(1) of the Income-tax Act, 1961. The company received this communication on January 5, 2026, at 3:38 p.m. from the Centralized Processing Center, Income-tax Department, Bengaluru.
| Parameter: | Details |
|---|---|
| Demand Amount: | ₹269.29 crores (including interest) |
| Assessment Year: | 2018-19 |
| Receipt Date: | January 5, 2026 |
| Issuing Authority: | Centralized Processing Center, Bengaluru |
| Legal Provision: | Section 143(1) of Income-tax Act, 1961 |
Nature of Tax Dispute
The substantial tax demand has arisen following the filing of a modified income tax return for the financial year 2018-19. According to the company's disclosure, the demand is primarily attributed to the non-grant of credit for various categories of taxes that the company had paid or were deducted.
The specific tax credits not granted include:
- Advance tax payments made by the company
- Tax deducted at source (TDS)
- Foreign tax credit claims
- Dividend distribution tax
Company's Response and Expected Impact
Tata Consumer Products has expressed confidence that the tax demand lacks merit and is not maintainable. The company has taken immediate action by submitting rectification requests upon receiving the intimation. Management believes that once the Income Tax Department processes these rectification applications, the demand will be deleted entirely.
| Impact Assessment: | Company Position |
|---|---|
| Financial Impact: | No immediate impact expected |
| Operational Impact: | No disruption to business activities |
| Demand Status: | Considered infructuous by company |
| Action Taken: | Rectification requests submitted |
| Expected Outcome: | Complete deletion of demand |
The company has stated that there is no immediate impact on its financials, operations, or other business activities due to this tax order. This disclosure has been made available on the company's website at www.tataconsumer.com as part of compliance with listing regulations.
Regulatory Compliance
The disclosure was signed by Delnaz Dara Harda, Company Secretary & Compliance Officer, and communicated to major stock exchanges including the National Stock Exchange of India Limited, BSE Limited, and The Calcutta Stock Exchange Limited. This transparency ensures that investors and stakeholders are informed about material developments that could potentially affect the company's financial position.
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