Radaan Mediaworks Receives ₹1.72 Cr TDS Demand Notice

Radaan Mediaworks India Ltd has received a demand notice from the Deputy Commissioner of Income-Tax, TDS Circle-2, Chennai, for an outstanding demand of ₹1,72,49,691. This demand is based on orders under Section 201(1)/201(1A) of the Income Tax Act, 1961, for Financial Years 2021-22, 2022-23, and 2024-25. The company clarifies that this is not a disputed liability and has been fully recorded in its books of account and financial reports. Radaan Mediaworks is currently examining the orders and will take necessary steps.