Meesho Gets Income Tax Order With Rs 1,500 Crore Demand For AY24

Meesho, the Indian e-commerce platform, has received an income tax demand notice amounting to Rs 1,500 crore for the assessment year 2024. The company has stated that it is currently reviewing the order and intends to challenge the demand through legal channels. This development comes amid increasing scrutiny of digital businesses in India, where tax authorities are examining compliance and revenue declarations more closely. The demand could have significant implications for Meesho's financial health and operational strategies, especially in a competitive market where online retail is rapidly evolving. As the company prepares to dispute the order, it highlights the ongoing challenges faced by tech-driven businesses in navigating regulatory landscapes in India.