Nuvama Wealth Management Ltd

Nuvama Wealth Management Resolves Tax Discrepancy with Mumbai Authorities 📄

- Nuvama Wealth Management received an order from Mumbai State Tax authorities regarding excess Input Tax Credit claims for April 2021–March 2022.

- The company paid ₹40.24L in tax, ₹28.11L in interest, and ₹3.70L in penalty during proceedings.

- No impact on financials, operations, or subsidiaries reported.