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The latest update is out from 3M India Limited ( (IN:3MINDIA) ).
3M India Limited has opted for the Direct Tax Vivad Se Vishwas Scheme, 2024, to settle some of its open tax litigations for the financial years 2004-05 to 2013-14. The company received a Certificate in Form 2 for FY 2013-14, which determines the amount payable under the scheme, resulting in an additional tax liability of Rs. 17.20 Crs. This liability has been recognized as a one-time expense in the company’s financial statements for FY 2024-25, with no material impact on its operations.
More about 3M India Limited
3M India Limited operates in the diversified technology industry, focusing on products and services across various sectors including electronics, healthcare, and consumer goods. The company is known for its innovative solutions and has a significant market presence in India.
Average Trading Volume: 155
Current Market Cap: 323.1B INR
See more insights into 3MINDIA stock on TipRanks’ Stock Analysis page.