Tata Capital to Contest ₹413 Crore Income Tax Reassessment for FY 2017-18

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Tata Capital Faces ₹413 Crore Tax Reassessment, Plans Appeal

Tata Capital | One of the largest IPOs of 2025, Tata Capital shares could rise as much as 26% to ₹400, as per Nomura's note. The upside potential for Tata Capital is the highest among the three "buy" rated NBFCs by Nomura. While Tata Capital has a strong housing finance subsidiary, stabilizing the motor book is a near-term priority for the company, Nomura said. From 1.7% in financial year 2025, Nomura expects the company's Return on Assets (RoA) to expand to 2.3% by financial year 2028. Profitability will be driven by better credit costs in motor book and business loans, operating leverage and entry in high-yield segments. Any adverse developments at promoter group is a key downside risk.

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CNBC TV18•21-03-2026, 23:53

Tata Capital Faces ₹413 Crore Tax Reassessment, Plans Appeal

•Tata Capital received an Income Tax reassessment order for FY 2017-18, totaling ₹413.18 crore.
•The demand includes ₹202.72 crore in interest due to short credit of taxes paid and certain disallowances.
•The reassessment pertains to Tata Capital Financial Services Ltd (TCFSL), which merged with Tata Capital Limited.
•Assessing officer allegedly applied incorrect computation, leading to a ₹209.52 crore short credit.
•Tata Capital plans to file a rectification application or appeal, expecting a favorable outcome and no financial impact.

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