CRISIL Ltd Receives TDS Proceedings Assessment Order for AY 2020-21 with INR 27.24 Crores Demand

CRISIL Ltd, a prominent company in the industry, has disclosed a TDS proceedings assessment order received for the Assessment Year 2020-21. The order, issued by the Income Tax Authority (TDS department) on 29th March 2026, pertains to TDS on foreign payments for the Financial Year 2019-20. The company has previously filed an appeal before the Hon’ble CIT(Appeals) against similar orders on the same issue. The demand stands at INR 27.24 Crores, including interest. CRISIL Ltd will be filing an appeal against the order, and there is no immediate impact on the company's financial, operational, or other activities.