Ashiana Housing fined ₹2.28 Lakhs by Income Tax Dept

Ashiana Housing Ltd has received penalty orders from the Income Tax Department, Delhi, totaling ₹2,28,286. A penalty of ₹2,08,286 was levied under Section 271C for non-deduction and non-deposit of TDS on lease rentals for FY 2013-14. Additionally, a penalty of ₹20,000 was imposed under Section 271H for delayed filing of TDS statements for the same fiscal year. The company states it has already deposited the TDS and interest and is exploring legal options to contest the orders. Ashiana Housing anticipates no significant impact on its financial or operational performance.