10 Mar 2026 | 5 Mins Read
Income tax department reduces Polycab tax demand to ₹57.6 crore
Flipitmoney
Polycab India Limited received a rectification order from the Office of the Deputy Commissioner of Income-Tax, reducing its tax demand for Assessment Year 2024-25 from ₹327.45 crore to ₹57.58 crore due to computational and clerical errors. The company plans to file an appeal against the additions made and does not anticipate a material impact on its financial position despite a ₹7,725 share price.