Income tax penalty orders received for TDS non-compliance FY 2013-14

Ashiana Housing has received two penalty orders from the Income Tax Department under Section 271C (Rs 2,08,286) and Section 271H (Rs 20,000) of the Income Tax Act, 1961. Section 271C relates to non-deduction and non-deposit of TDS on lease rentals paid to UIT Bhiwadi, and Section 271H relates to delay in filing TDS statements (Form 27Q and 24Q), both for FY 2013-14. The company has already deposited the TDS along with applicable interest on 23 December 2025 and is exploring legal avenues to contest the orders. Management states there is no significant impact on financial or operational performance.