India, March 23 -- Non-banking finance company Tata Capital has received a reassessment order from tax authorities, raising a demand of Rs 413.18 crore for the financial year 2017-18, the firm said.

The order, issued by the Deputy Commissioner of Income Tax, Mumbai, under the Income-tax Act and uploaded on March 20, 2026, pertains to Tata Capital Financial Services Ltd (TCFSL), which has since been merged with Tata Capital with effect from April 1, 2023.

The demand includes interest of Rs 202.72 crore and primarily arises due to alleged short credit of taxes paid and certain disallowances, Tata Capital said in a stock exchange filing on Saturday.

However, the company said the demand is based on apparent errors in the computation. It st...