Aberdeen Asset Management has been hit with a tax demand from Indian authorities.
The bill relates to minimum alternative tax (MAT) in the country, which is a form of corporation tax not usually applied to international funds.
The Indian government has already committed to no foreign fund being liable for MAT after April 1 this year.
However tax officials in India believe a 2012 decision by the Authority for Advance Rulings allows older claims to be pursed.
Aberdeen is taking advice on the matter but is understood to be confident about the outcome.
The size of the tax demand is not believed to be significant.
It is thought around 100 of the 6,000 funds registered in India have received demands.
Edinburgh based oil exploration company Cairn Energy is already disputing a bill for £1 billion in unpaid tax in India.
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