show cause notice on professions trades calling and employment act 1975
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Awaiting price reaction for this filing.
Sandu Pharmaceuticals has received a show cause notice from the Maharashtra tax authority for late payment of profession tax for the period April 2020 to March 2021. The company paid profession tax after the due dates, attracting simple interest at varying rates of 1.25%, 1.5%, and 2% per month. The total interest computed across 16 late payment months comes to just ₹14,689. The company itself has confirmed there is no material impact on its financial, operational, or other activities.
This is a minor, routine tax compliance matter with a negligible financial impact of under ₹15,000. It is unlikely to affect the stock price or shareholder value in any meaningful way.