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Paisabazaar Gets INR 9 Cr Tax Demand Notice

  • PB Fintech's subsidiary Paisabazaar has received a demand notice of INR 9.32 Cr from Income Tax authorities.
  • The notice is related to an assessment order in which expenses of INR 85.60 Cr were disallowed.
  • PB Fintech plans to file an appeal against the assessment order and is evaluating the situation.
  • This is not the first time Paisabazaar has faced tax demands; last year, it received notices from the I-T Department.

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