Hdfc Bank (HDB) has released an update.
HDFC Bank has been penalized Rs.0.004 crore by the Deputy Commissioner – State Tax, Bihar for alleged tax discrepancies during the fiscal year 2018-19, including short payment of tax and improper input tax credit claims. The total financial impact is estimated at Rs.0.01 crore, accounting for tax, interest, and penalty. The bank is currently considering legal options, including the possibility of an appeal.
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