Zinka Logistics Solutions Limited has informed the Exchange about General Updates
BLACKBUCK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BlackBuck (Zinka Logistics Solutions Limited) received an order from the Assistant Commissioner of Income Tax (TDS), Bengaluru, dated February 8, 2025, on July 7, 2025, confirming a demand of ₹28,55,872 under Sections 201(1) and 201(1A) of the Income-tax Act, 1961. The demand relates to the company's failure to deduct tax at source on certain expenses for FY 2017-18, which were identified as liable for TDS in the Tax Audit Report. The company believes it has a strong case on merits and intends to file an appeal before the appropriate authority. The company has stated that the order has no material financial implications on its operations.
The tax demand is small (about ₹28.56 lakhs) and the company says it has no material impact, with an appeal planned. Retail investors are unlikely to see any meaningful effect on the stock price from this disclosure.