Meesho Shares Plummet 10% After Rs 1,500 Crore Tax Demand For FY24

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Meesho Shares Crash 10% on Rs 1,500 Cr Tax Demand for FY24

Meesho Share Price

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News18•09-03-2026, 10:03

Meesho Shares Crash 10% on Rs 1,500 Cr Tax Demand for FY24

•Meesho shares plummeted 10% after receiving an income tax demand of nearly Rs 1,500 crore for Assessment Year 2023-24.
•The e-commerce platform disclosed the demand, totaling Rs 1,499.73 crore including interest, in a stock exchange filing on March 7.
•The demand stems from an assessment order under Section 143(3) and a demand notice under Section 156 of the Income Tax Act.
•Meesho stated its intention to challenge the order through appropriate legal remedies.

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