Hdfc Bank (HDB) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
HDFC Bank has been penalized Rs. 3.22 crore by the Commercial Tax Officer in Chandigarh for alleged tax discrepancies during the fiscal year 2019-20. The issue pertains to a purported short payment of tax and disallowance of input tax credit, with the total impact on the bank quantified at Rs. 63.84 crore, including tax, interest, and penalties. The bank is currently considering legal avenues for appeal against the order.
For further insights into HDB stock, check out TipRanks’ Stock Analysis page.
