Hdfc Bank (HDB) has released an update.
HDFC Bank has been fined Rs. 1.07 crore by the Additional Commissioner – Customs & Central Tax, Telangana for alleged tax discrepancies during the financial year 2017-18. The bank faces accusations of short payment of tax and disallowance of input tax credit, with a total impact of Rs. 2.18 crore on its finances. HDFC Bank is currently considering legal options, including the possibility of an appeal.
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