Author: Inc42 Media
Profile: https://www.linkedin.com/company/inc42/posts
Listed edtech company PhysicsWallah (PW) has received a tax demand notice worth ₹263.3 Cr from an assessment unit of the Income Tax (IT) Department.👇
In a stock exchange filing, the company said the order was issued under Section 143(3) of the Income-tax Act. The tax authority has treated investments received during the year 2023-24 (AY24), including funds from SEBI-registered Category II AIFs, as taxable income.
For context, PW went public in November 2025. The edtech major’s public issue comprised a fresh issue of shares worth ₹3,100 Cr and an offer for sale (OFS) component of up to ₹380 Cr. Its cofounders Alakh Pandey and Prateek Boob (Maheshwari) offloaded shares worth ₹190 each via the IPO.
🔗 Read the full article here: https://4-2.co/4uC6iZf
hashtagInc42 hashtagnews hashtagEdtech hashtagPhysicsWallah hashtagTaxDemandNotice
In a stock exchange filing, the company said the order was issued under Section 143(3) of the Income-tax Act. The tax authority has treated investments received during the year 2023-24 (AY24), including funds from SEBI-registered Category II AIFs, as taxable income.
For context, PW went public in November 2025. The edtech major’s public issue comprised a fresh issue of shares worth ₹3,100 Cr and an offer for sale (OFS) component of up to ₹380 Cr. Its cofounders Alakh Pandey and Prateek Boob (Maheshwari) offloaded shares worth ₹190 each via the IPO.
🔗 Read the full article here: https://4-2.co/4uC6iZf
hashtagInc42 hashtagnews hashtagEdtech hashtagPhysicsWallah hashtagTaxDemandNotice
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