Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
PNB Housing Finance Limited ( (IN:PNBHOUSING) ) has provided an update.
PNB Housing Finance has disclosed a tax litigation involving an order from the Income Tax Department for assessment years 2019-20 and 2020-21, arising from a search conducted on a third party, which disallows certain revenue expenses and deductions and results in a demand of about Rs 108 crore. The company says the order contains inadvertent errors, including incorrect tax rates, and plans to file a rectification application while noting that the disallowances merely reiterate issues already contested in an appeal before the Income Tax Appellate Tribunal; based on its assessment, PNB Housing Finance does not expect any material financial impact from this dispute.
More about PNB Housing Finance Limited
PNB Housing Finance Limited is an Indian housing finance company that provides home loans and related credit products, primarily serving retail and institutional customers in the housing and real estate finance market.
Average Trading Volume: 48,925
Technical Sentiment Signal: Buy
Current Market Cap: 241.3B INR
For a thorough assessment of PNBHOUSING stock, go to TipRanks’ Stock Analysis page.