Mumbai, January 31, 2025 – SML ISUZU Limited (BSE: 505192, NSE: SMLISUZU) has disclosed that it has received an intimation from the Centralized Processing Cell (TDS) of the Income Tax Department regarding a discrepancy in its Tax Deducted at Source (TDS) return for the third quarter of the financial year 2024-25.
Key Highlights of the Order:
| Parameter | Details |
|---|
| Authority Issuing Order | Assistant Commissioner of Income Tax – Centralized Processing Cell (TDS) |
| Nature of Order | Intimation under Section 200A/206CB of the Income Tax Act, 1961 |
| Date of Order | January 30, 2025 |
| Issue Identified | Lower Exemption Certificate number not mentioned in the TDS return statement |
| Implication | Tax charged at full rate along with interest on short/late payment |
| Amount Involved | ₹0.08 lakh (including interest) |
| Date of Receipt | January 31, 2025 (06:48 AM via email) |
| Company Response | SML ISUZU will rectify the TDS return in response to the intimation |
Financial & Operational Impact
The financial impact of the order remains minimal, as the disputed amount is only ₹0.08 lakh. However, the company has stated that it will rectify the TDS return as per the instructions from the Income Tax Department.
Regulatory Compliance
The disclosure has been made under
Regulation 30(2) of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, ensuring transparency for investors and stakeholders.
Company's Next Steps
SML ISUZU has assured compliance by taking necessary corrective measures regarding the TDS filing to prevent such discrepancies in the future.
Investor Outlook
Given the minor financial impact, the development is unlikely to significantly affect the company’s stock performance. Investors should continue monitoring any further updates from the company regarding tax compliance.