PhysicsWallah Receives ₹263 Crore Tax Demand Notice
Edtech startup PhysicsWallah has received a tax demand order of ₹263.34 crore from the Income Tax Department for the assessment year 2023–24.
According to the company’s filing, the tax authority has classified investments received from investors—including those from SEBI-registered Category II Alternative Investment Funds (AIFs)—as taxable income. This interpretation has led to the substantial tax demand.
PhysicsWallah has stated that it will challenge the order by filing an appeal before the appropriate appellate authority.