Sai Life Sciences Limited has informed the Exchange about an order dated 18th March 2026 passed by the Deputy Commissioner of Income Tax (International Taxation) Hyderabad u/s 201 (1) of the Income Tax Act, 1961.
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Sai Life Sciences has received an order dated 18 March 2026 from the Deputy Commissioner of Income Tax (International Taxation), Hyderabad under Section 201(1) of the Income Tax Act, 1961, alleging non-deduction of TDS on payments made to non-residents for assessment year 2020-21. The total demand includes tax of ₹2,54,39,944 (about ₹2.54 crore) and interest of ₹1,99,17,238 (about ₹1.99 crore), with penalty yet to be assessed by the officer. The company received the order on 20 March 2026 and has stated it will file an appeal at the appellate level. Sai Life Sciences is hopeful of a favourable outcome and does not expect any material financial impact on its operations or financials from this order.
The combined tax and interest demand of roughly ₹4.53 crore is not deemed material by the company, and the matter is being appealed, so the direct financial impact should be limited. However, the stock may see some short-term negative sentiment until the appeal outcome is known.