Tata Capital Receives ₹413 Crore Tax Demand Notice for FY18Tata Capital Receives ₹413 Crore Tax Demand Notice for FY18

Introduction

Leading non-banking financial company receives a ₹413.18 crore income tax reassessment demand for FY 2017-18 and plans to file a rectification application and appeal against the order.

Also Read: IndiQube Spaces Up 2% After ₹54 Crore Leasing Deal with GCC Client

Share price movement of Tata Capital

On March 23, 2026, Tata Capital opened at ₹311.45, down -1.83% from its previous close of ₹317.25. It reached a high of ₹314.50 (-0.87%) and a low of ₹309.70. By 4:00 PM, it traded at ₹312.47, a -1.51% decrease, with a market cap of ₹1,32,546.04 crore.

₹413.18 Cr Tax Demand for FY 2017-18

Tata Capital received a ₹413.18 crore income tax reassessment demand for FY 2017-18 from the Deputy Commissioner of Income Tax, Circle-2(3)(1), Mumbai, comprising ₹209.52 crore in tax and ₹202.72 crore in interest. The order was issued under Section 143(3) read with Section 147 of the Income Tax Act, 1961.

The demand pertains to Tata Capital Financial Services Limited (TCFSL), which was merged into Tata Capital with effect from April 1, 2023. The assessing officer credited taxes paid by Tata Capital Limited (₹16.36 crore) instead of TCFSL’s actual tax payments of ₹225.89 crore, causing the shortfall and consequential interest levy.

Tata Capital maintains the demand is not maintainable as it is based on apparent computation errors. The company plans to file a rectification application and appeal and does not expect any material financial or operational impact from the order.

Stock performance of Tata Capital  for Period of 1 week, 6 months, and 1 year

Tata Capital delivered a 1-week return of 2.65%, while 6-month and 1-year returns are not available.

Also Read: Motherson Signs JV with Hellmann to Strengthen Logistics Business

Shareholding pattern of Tata Capital

Particulars	Dec 2025	Oct 2025
Promoter	85.40%	85.40%
FII	4.60%	3.30%
DII	3.30%	3.10%
Public	6.00%	7.50%

About Tata Capital

Tata Capital Ltd (NSE: TATACAP), the Tata Group’s flagship NBFC, offers personal, home, business, and vehicle loans with a loan book of ₹2.33 lakh crore serving 7.3 million customers.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs