Meesho Faces Income Tax Demand of ₹1,500 Crore for AY 2023-24
Synopsis
Meesho is set to challenge a significant income tax demand of nearly ₹1,500 crore for the assessment year 2023-24. The e-commerce giant disagrees with the tax department's findings and believes it has strong grounds for contesting the order.
Key Takeaways
Meesho has received an income tax demand of ₹1,500 crore for AY 2023-24.
The company plans to contest the demand, disagreeing with the tax department's findings.
The demand includes applicable interest and totals Rs 14,99,73,82,840 .
Meesho asserts that this demand will not adversely affect its financial operations.
A similar demand for AY 2022-23 is currently pending in court.
New Delhi, March 7 (NationPress) The prominent e-commerce platform Meesho has been handed an income tax demand amounting to approximately Rs 1,500 crore for the assessment year 2023–24. The company has announced its intention to contest this order, expressing disagreement with the tax department’s findings.
This demand was communicated through an assessment order as per Section 143(3) of the Income Tax Act, 1961, accompanied by a demand notice under Section 156.
As per a filing to the stock exchange, the tax authorities have issued a total demand of Rs 1,499.73 crore, inclusive of applicable interest.
“In accordance with the Assessment Order under Section 143(3) of the Income Tax Act, 1961, along with the Demand Notice under Section 156 of the Income Tax Act, 1961 for the Assessment Year 2023-24, the Income Tax Department has raised a tax demand totaling Rs 14,99,73,82,840, inclusive of applicable interest,” stated Meesho.
Meesho conveyed its disagreement with the observations and adjustments outlined in the assessment order.
“The Company is currently reviewing the Assessment Order and does not concur with the observations and adjustments made within it,” the statement continued.
Additionally, the company believes it possesses solid legal and factual grounds to challenge this demand and is undertaking necessary measures to safeguard its interests.
“The Company is confident that it has sufficient legal and factual grounds to contest this demand and is actively taking steps to protect its interest,” the e-commerce firm affirmed.
Meesho further clarified that this tax order is not expected to significantly affect its financial health, business operations, or other activities.
“The Assessment Order along with the Demand Notice is not anticipated to have any major adverse effects on the Company's financial position, operations, or other activities,” it stated in its filing.
It is worth noting that a similar tax demand was previously issued for the assessment year 2022–23, which is currently under consideration by the Karnataka High Court, where an interim stay on the demand notice was granted on April 17, 2025.
Point of View
This situation surrounding Meesho highlights the ongoing challenges faced by major corporations in navigating tax regulations. The company's commitment to contesting the demand reflects a broader trend of businesses defending their financial practices while ensuring compliance with the law.
NationPress
11 May 2026
Frequently Asked Questions
What is the income tax demand Meesho received?
Meesho received an income tax demand of nearly ₹1,500 crore for the assessment year 2023-24.
Why is Meesho contesting the tax demand?
Meesho disagrees with the observations and adjustments made by the tax department in the assessment order.
What steps is Meesho taking regarding the demand?
The company is evaluating the Assessment Order and believes it has strong grounds to contest the demand.
Will this tax demand significantly impact Meesho's operations?
Meesho has stated that the demand is not expected to have any major adverse impact on its financial position or operations.
Has Meesho faced similar issues in the past?
Yes, a similar tax demand was issued for the previous assessment year 2022-23, which is pending in court.
