5paisa Capital Receives Rs 33 Crore Tax Demand Order, Plans Legal Challenge
5paisa capital limited, a prominent Indian technology-driven, low-cost discount broker founded in 2016, providing online trading in stocks, mutual funds, and commodities, recently disclosed to NSE Ltd and BSE Ltd the receipt of a demand order.
Background
The company stated that the income tax authority has passed a demand order of Rs 330,251,362 under section 158C(1)(c) of the Income Tax Act, 1961.
Company’s response
The company further stated that it has already paid all the taxes it was supposed to. It believes it has strong facts and legal support to prove this. Because of that, it doesn’t think these orders will have any major effect on its money or business operations. The company is currently looking at its options and will challenge these orders under the law.
Key Details
| Particular | Details |
| Company | For 5paisa Capital Limited |
| Issuing Authority | Joint Commissioner of Income tax (OSD), Central Circle – 4(4), Mumbai (“IT Authority”) |
| Date of receipt | May 04, 2026 |
| Demand | Rs 330,251,362 |
| Violation | Section 158BC(1)(c) of Income Tax Act, 1961 |
Company’s disclosure
The company made the above disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”).
