HUL gets Rs 963 cr Income Tax demand notice

Hindustan Unilever Limited (HUL) is facing a tax demand of Rs 962.75 crore from the Income Tax Department due to alleged non-deduction of TDS on a Rs 3,045 crore payment for acquiring intellectual property rights from GlaxoSmithKline Consumer Healthcare. This tax claim also includes Rs 329.33 crore in interest, raising questions about HUL's financial dealings and compliance. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FMCG-Cons. Products-Industry-The Economic Times