Wealth and asset management firm 360 ONE WAM Ltd and its wholly owned subsidiary 360 ONE Prime Ltd have received assessment orders from the Income Tax Authority raising a total tax demand of ₹336.14 crore for the block period from April 1, 2018, to March 27, 2025. According to reports from CNBC TV18, the orders were issued by the Joint Commissioner of Income Tax (OSD), Central Circle–4(4), Mumbai, and were received on April 21, 2026. The demand includes ₹192.42 crore on 360 ONE WAM and ₹143.72 crore on 360 ONE Prime Ltd, including surcharge and cess, under Section 158BC(1)(c) of the Income Tax Act, 1961.
The tax demand is distributed between the two companies, with ₹192.42 crore allocated to 360 ONE WAM and ₹143.72 crore to 360 ONE Prime Ltd, including surcharge and cess, under Section 158BC(1)(c) of the Income Tax Act, 1961. As reported by CNBC TV18, the companies stated they have discharged all applicable tax liabilities and have adequate factual and legal grounds to support their position.
Both companies have indicated they do not expect any material impact on their financials or operations due to the orders. According to the stock exchange filing reported by CNBC TV18, the companies stated they believe they have duly discharged all their tax liabilities as applicable and have adequate factual and legal grounds to substantiate their position. The companies will pursue appeals against the orders under applicable laws.
Shares of 360 ONE WAM Ltd ended at ₹1109.85, up by ₹2.40, or 0.22%, on the BSE following the announcement. As reported by CNBC TV18, the stock movement occurred on April 21, 2026, the same day the tax demand orders were received.
