<ul><li>Swiggy has received an income tax demand notice of INR 53.5 Lakh with an additional interest of INR 45.44 Lakh, totaling INR 98.9 Lakh.</li><li>The order was passed by the deputy commissioner of Income Tax department, TDS Circle, Bengaluru, for the period of April 2017 to March 2018.</li><li>The notice is regarding the non-deduction of tax under section 194C of the Income-tax Act, 1961 on cancellation charges paid by the company to merchants.</li><li>Swiggy plans to appeal against the order and believes that it won't have a major adverse impact on its financials and operations.</li></ul>

Swiggy Gets INR 99 Lakh Tax Demand Notice

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