Swiggy faces Rs 158 Cr tax demand over alleged discrepancies; co plans to repeal

Quick Summary:

The Income Tax Department has issued a tax demand of Rs 158.25 crore to food delivery platform Swiggy Ltd.for the assessment year 2021-22.

Swiggy's shares ended at Rs 331 on the BSE, reflecting a 0.50% gain prior to this announcement on Tuesday.

Despite the tax claim, Swiggy has assured stakeholders that the development will not have a major impact on its financial stability or business operations.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anuj Suvarna

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Income Policy Swiggy Assessment Order Department Year Scrutiny Crore Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 16:07:11 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 27518328

View Article Analysis

About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 32 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions