Tax & Penalty9 Jul 2026, 05:50 pm
Music Broadcast Ltd Receives ₹19.94 Lakh Stamp Duty Demand
AI Summary
Music Broadcast Limited has received a Demand Notice from the Deputy Collector, Stamp Duty Valuation Organization, Ahmedabad, for an alleged shortfall in stamp duty payment on a lease deed. The notice demands ₹2,84,990/- in stamp duty along with ₹17,09,940/- in fines and penalties, totaling ₹19,94,930/-. The company is consulting with advisors to evaluate the next steps and legal remedies. The financial impact is currently limited to the specified demand amount, and further updates will be provided.
Key Highlights
- Received demand notice for stamp duty and penalty.
- Total demand amounts to ₹19,94,930.
- Impact limited to the demand amount.
- Company is evaluating legal options.
- Notice pertains to a lease deed.
Price Impact
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