Meesho Faces Rs 1,500 Crore Tax Demand
Analysis based on 14 articles · First reported Mar 07, 2026 · Last updated Mar 07, 2026
The tax demand of Rs 1,500 crore on Meesho, a publicly traded company, could negatively impact investor sentiment towards Meesho, potentially affecting its stock price. However, Meesho's assertion that the demand will not have a major adverse impact on its financial position and its plan to contest the order may mitigate some of the negative market reaction.
E-commerce marketplace Meesho has received a tax demand of nearly Rs 1,500 crore from the India — Income Tax Department for the assessment year 2023-24. This demand, which includes applicable interest, follows certain additions and adjustments made by the India — Income Tax Department to Meesho's reported income. Meesho disputes these findings and plans to challenge the order, stating it has adequate legal and factual grounds. This is not the first such dispute, as Meesho previously received a similar tax notice for the assessment year 2022-23, which is currently under an interim stay granted by the India — Karnataka High Court. Despite the significant amount, Meesho believes the latest demand will not have a major adverse impact on its financial position or operations.
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