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  3. Care Health Insurance - Receives ₹140.20 Crore Income Tax Demand

Care Health Insurance - Receives ₹140.20 Crore Income Tax Demand

19 Mar 2026

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Key Takeaways

Key Takeaway:
The ₹140.20 crore tax demand on Care Health Insurance introduces a regulatory overhang; however, with expected reduction to ~₹96 crore and planned legal recourse, the financial impact may be moderated, though it remains a key monitorable for Religare’s consolidated performance.

Key Takeaway:
The ₹140.20 crore tax demand on Care Health Insurance introduces a regulatory overhang; however, with expected reduction to ~₹96 crore and planned legal recourse, the financial impact may be moderated, though it remains a key monitorable for Religare’s consolidated performance.

Care Health Insurance (Religare) Unlisted Shares

Care Health Insurance (Religare)

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Expert Analysis

Expert Analysis:

  • Care Health Insurance, a material subsidiary of Religare Enterprises Ltd, has received income tax demand orders totaling ₹140.20 crore (including interest) for AY 2023-24 and 2024-25 from the Income Tax Department.

  • The company has disputed the tax computation, stating that the demand has been incorrectly calculated, and expects the liability to reduce to around ₹96 crore after rectification.

  • The demand arises from disallowances related to provisions (IBNR/IBNER), outstanding claims, TDS compliance issues, and marketing expenses, indicating technical accounting and tax treatment differences.

  • Care Health Insurance plans to file rectification applications and pursue appeals, backed by favourable judicial precedents in similar matters.

Publisher:SCANX