Yes Bank

Yes Bank Receives ₹2,200 Crore Tax Demand – What Led to It?

Yes Bank has received a tax demand notice of Rs 2,209 crore from the Income Tax Department for AY 2019-20, including Rs 243.02 crore in interest. The bank stated that the demand appears to be "without any basis." The reassessment, conducted by the National Faceless Assessment Unit, did not make...