NEW DELHI : India's tax department has demanded around $150 million from Tiger Global-backed gaming company Dream11 for underpaying taxes during 2017-2019, which the company disputes, and officials are investigating its payments for four more years, legal documents show.
On Sept. 12, the tax authorities gave the company 30 days to explain why it should not be forced to pay a shortfall of 2.1 billion rupees for 2017-18 and 10 billion rupees for 2018-19, plus interest and a penalty, government notices show.Dream11 has filed a lawsuit in the High Court in Mumbai challenging the notices, court papers showed. The case is likely to be heard in coming days.
Tax authorities are also investigating Dream11's tax payments for four more years up until March 2023, the company stated in its court filing, which was seen by Reuters but has not been made public.
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