Tax & Penalty3 Jul 2026, 05:30 pm
Whirlpool of India fined ₹7.5 Lakhs for Tax Non-Compliance
AI Summary
Whirlpool of India Ltd has received an order from the Office of Additional Commissioner of State Tax, Bihar, levying a tax demand of INR 6,96,018 for FY 2019-20, along with interest of INR 7,74,696 and a penalty of INR 80,812. The order, dated July 02, 2026, was received on the same day. The company is currently evaluating the matter and will take appropriate action. Whirlpool of India stated that there is no material impact on its financial, operational, or other activities due to this order.
Key Highlights
- Tax demand of ₹6,96,018 levied for FY 2019-20.
- Additional interest of ₹7,74,696 and penalty of ₹80,812 imposed.
- Order received from Bihar State Tax Authority.
- Company assesses no material financial or operational impact.
Price Impact
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