Legal28 March 2026 at 09:01 am
Datamatics Global Services Ltd. Receives Demand Notice from Income Tax Department for Rs. 1,34,107
AI Summary
Datamatics Global Services Ltd. has received a Demand Notice under Section 156 of the Income-Tax Act, 1961 from the Income Tax Department. The demand, amounting to Rs. 1,34,107 (inclusive of interest of Rs. 56,138), pertains to the alleged non-deduction of tax on certain foreign payments for the assessment year 2020-21. The Company is currently evaluating the order and will take appropriate action within the prescribed timelines. The Company assures that there is no material impact on financials, operations or other activities.
Key Highlights
- Datamatics Global Services Ltd. received a Demand Notice from the Income Tax Department under Section 156 of the Income-Tax Act, 1961.
- The demand is for Rs. 1,34,107 (inclusive of interest of Rs. 56,138) pertaining to the assessment year 2020-21.
- The alleged non-deduction of tax on certain foreign payments is the reason for the demand.
- The Company is evaluating the order and will take appropriate action within the prescribed timelines.
- There is no material impact on financials, operations or other activities of the Company.