Travel Tech

MakeMyTrip gets Rs 28 cr tax demand notice

The I-T department has slapped a tax demand notice of Rs 27.6 crore on online travel firm MakeMyTrip for assessment year 2009-2010 but the company said it is contesting the claim.

“We had received an additional tax demand of almost Rs 28 crore last month for AY 2009-10 which was substantially reduced after adjustment of brought forward losses (pursuant to a favourable order of the appellate authorities in one of the earlier years),” a spokesperson of the company said.

The spokesperson further said that the company has not accepted the allegations of the tax officer leading to these demands and has taken appropriate action at the next level to alleviate the same.

Full report here Business Line


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