Compucom Software Limited Receives EPFO Order for ₹64.41 Lakh Outstanding Dues

1 min read     Updated on 04 Apr 2026, 01:22 PM
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AI Summary

Compucom Software Limited has received an EPFO order determining outstanding provident fund dues of ₹64.41 lakh for contractual employees from August 2008 to October 2012. The order follows a remanded inquiry process and includes additional liability for interest and penalties. The company plans to comply while reserving rights to contest, stating no material operational impact.

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Compucom Software Limited has informed stock exchanges about receiving an order from the Employee Provident Fund Organization (EPFO) determining outstanding provident fund dues of ₹64.41 lakh. The order was received on April 3, 2026, and pertains to contractual employees for the period August 2008 to October 2012.

EPFO Order Details

The EPFO order was passed under Section 7A of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. The proceedings were initiated following a union complaint regarding non-provision of PF benefits to contractual employees engaged with Jaipur Vidhyut Vitrann Nigam Limited.

Parameter: Details
Order Amount: ₹64.41 lakh
Period Covered: August 2008 to October 2012
Order Date: March 23, 2026
Receipt Date: April 3, 2026
PF Code: RJ/RAJ/0009707/000

Case Background and Timeline

The inquiry under Section 7A was initiated in December 2012 based on inspection reports and departmental notices. The EPFO authority initially passed an order on August 6, 2014, which the company challenged through an appeal before the Central Government Industrial Tribunal (CGIT) in October 2014.

On March 24, 2022, CGIT set aside the original order and remanded the case, directing a fresh inquiry with proper identification of beneficiaries and providing fair opportunity to all parties. The recent order follows this remanded inquiry process.

Financial Impact and Compliance

The company has assessed the financial implications of the EPFO order:

Impact Type: Details
Outstanding Dues: ₹64.41 lakh
Additional Liability: Interest under Section 7Q
Penalties: Damages under Section 14B
Operational Impact: No material impact

Company Response

Compucom Software Limited has stated that while reserving its right to contest the appealable order, the company intends to comply with the order by depositing the applicable amount within prescribed timelines. The company emphasized that the financial impact is limited to ₹64.41 lakh with no material impact on operations.

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company explained the delay in disclosure was due to receiving the order via speed post on April 3, 2026, despite the order being dated March 23, 2026.

Historical Stock Returns for Compucom Software

1 Day5 Days1 Month6 Months1 Year5 Years
+2.31%+12.74%+5.30%-29.35%-18.82%+60.47%

Will Compucom Software face additional EPFO audits for other periods given this compliance issue with contractual employees?

How might this EPFO order impact Compucom's ability to secure future government contracts, particularly with state electricity boards?

What potential financial exposure does Compucom face from interest penalties under Section 7Q and damages under Section 14B?

Compucom Software Limited Receives Income Tax Order Under Section 263 for Assessment Year 2022-23

1 min read     Updated on 02 Apr 2026, 10:28 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Compucom Software Limited has received an Income Tax Order under section 263 for assessment year 2022-23, questioning expenses totaling ₹1.22 crore including building repairs, PF/ESI contributions, and section 80IA deductions. The company is reviewing the order and will respond within prescribed timelines through tax advisors.

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Compucom Software Limited has informed stock exchanges about receiving an Order under section 263 of the Income Tax Act, 1961 from the Income Tax Department. The order was received on 30th March 2026 and pertains to assessment year 2022-23, raising concerns about the original assessment completed by NFAC on 28th February 2024.

Key Issues Identified by Income Tax Department

The Principal Commissioner of Income Tax, Jaipur-2, found that the assessing officer failed to conduct necessary enquiries on several critical matters during the original assessment. The department identified three main areas of concern that were not properly examined:

Issue Area Amount (₹) Details
Building Repair Expenses 85,68,190 Capital nature vis-à-vis WDV of ₹192.21 lakhs
PF/ESI Contributions 6,19,103 Delayed employees' contribution disallowance
Section 80IA Deduction 30,43,023 Allowability without mandatory Form 10CCB filing

Assessment Background and Timeline

The company had filed its return for assessment year 2022-23 on 30th November 2022 under section 139(1). The assessment was subsequently completed by NFAC on 28th February 2024 under section 143(3) read with section 144B. However, the Income Tax Department found that the assessing officer accepted the company's claims without independent verification or invoking relevant statutory provisions.

Potential Financial Implications

While the company states that the precise financial impact cannot be quantified at this stage, the order could result in significant additional tax liability. If the identified issues are revised under section 263, it may lead to:

  • Disallowance of building repair expenses worth ₹85,68,190
  • Disallowance of employees' contribution to PF/ESI amounting to ₹6,19,103
  • Disallowance of deduction under section 80IA of ₹30,43,023
  • Additional tax liability along with applicable interest and penalties

Company's Response and Next Steps

Compucom Software Limited has confirmed that no penalty, restrictions, or sanctions have been imposed at this stage. The company is currently reviewing the communication and compiling necessary documents and explanations. Management plans to submit clarifications to the Income Tax Department within the prescribed timeline in consultation with tax advisors.

Regulatory Compliance Details

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations on 2nd April 2026. The company cited coordination with other departments, year-end work pressures, and office holiday on 31st March 2026 as reasons for the delay in disclosure. The information has also been made available on the company's website at www.compucom.co.in for public access.

Historical Stock Returns for Compucom Software

1 Day5 Days1 Month6 Months1 Year5 Years
+2.31%+12.74%+5.30%-29.35%-18.82%+60.47%

How might this Income Tax order impact Compucom Software's quarterly earnings and cash flow if the reassessment results in maximum disallowances?

Could this scrutiny trigger similar reviews of Compucom's tax assessments for other financial years, potentially expanding the company's tax liability exposure?

What defensive strategies might Compucom employ during the reassessment process to minimize potential disallowances and additional tax burden?

More News on Compucom Software

1 Year Returns:-18.82%