Key Points about Bosch’s Income Tax Assessment 📊
- 📝 Order Details: Assessment order received under section 143(3) read with section 144B of Income-Tax Act
- 💰 Tax Demand: ₹18.37 crore raised by Income Tax Department
- 💸 Additional Interest: ₹1.80 crore charged on the tax amount
- 📅 Receipt Date: March 28, 2025 at 7:35 PM
- ⚖️ Company Response: Bosch plans to appeal against the assessment order
- 🔍 Assessment Year: 2022-2023
- ⚠️ Disclosure Compliance: Made under Regulation 30 of SEBI Listing Regulations
- 📈 Financial Impact: Total of approximately ₹20.17 crore
Potential Stock Market Effect
The income tax assessment order could have several effects on Bosch’s stock price:
- Short-term volatility may occur as investors digest this new financial obligation
- The tax amount (₹20.17 crore) is significant but likely manageable for a company of Bosch’s size
- Investor focus will likely shift to the appeal process and potential reduction of liability
- Quarterly earnings might see a temporary impact if provisions are made
- Historical patterns suggest limited long-term impact from similar tax assessments for large companies
- Market sentiment may depend on the company’s communication about the appeal strategy
About Bosch Limited
Bosch Limited is the Indian subsidiary of the global Bosch Group, a leading technology supplier. The company:
- Is headquartered in Bangalore, Karnataka
- Is managed by Guruprasad Mudlapur (Managing Director) and Sandeep N (Joint Managing Director)
- Trades on BSE under scrip code 500530 and on NSE as BOSCHLTD
- Operates across multiple sectors including automotive components, industrial technology, and consumer goods
- Has a strong manufacturing presence in India with facilities across multiple locations
What’s your take on how Bosch will handle this tax assessment? Will this impact your investment decisions? Share your thoughts in the comments below!
💡 Pro Tip: Keep an eye on Bosch’s upcoming quarterly results to see how they account for this tax liability in their financial statements.
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
