News Stocks Rithwik Facility Management Services Receives Income Tax Demand Notice of Rs.61,150/- for Assessment Year 2025-26Rithwik Facility Management Services Receives Income Tax Demand Notice of Rs.61,150/- for Assessment Year 2025-26
Rithwik Facility Management Services Limited received an income tax demand notice of Rs.61,150/- for Assessment Year 2025-26 from the CPC, Income Tax Department on February 23, 2026. The demand relates to TDS differences identified during income tax return processing. The company confirmed no material financial implications beyond the demanded amount and no penalties imposed, stating it will reconcile TDS records with vendors and take appropriate action.
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Rithwik Facility Management Services Limited has received an income tax demand notice of Rs.61,150/- for Assessment Year 2025-26, the company informed the Bombay Stock Exchange under Regulation 30 of SEBI listing obligations. The notice was issued by the CPC, Income Tax Department following processing of the company's income tax return.
Notice Details and Timeline
The company received the demand notice through mail on February 23, 2026. The Income Tax Department identified discrepancies while processing the company's filed return, specifically related to Tax Deducted at Source (TDS) differences that resulted in the demand for Rs.61,150/-.
Key Communication Parameters
| Parameter: | Details |
|---|---|
| Issuing Authority: | CPC, Income Tax Department |
| Communication Type: | Demand notice via mail |
| Receipt Date: | February 23, 2026 |
| Assessment Year: | 2025-26 |
| Demand Amount: | Rs.61,150/- |
| Reason: | TDS difference |
Financial Impact and Compliance
The company has clarified that there are no material financial implications beyond the demanded amount of Rs.61,150/-. No penalties, restrictions, or sanctions have been imposed in the current notice, indicating this is a standard assessment adjustment rather than a punitive action.
Company's Response Strategy
Rithwik Facility Management Services has outlined its approach to address the notice:
- Reconcile TDS records with vendors
- Review the discrepancy identified by the tax authorities
- Take appropriate action based on the reconciliation findings
The company's measured response suggests confidence in resolving the matter through proper documentation and vendor reconciliation processes. The relatively modest amount involved indicates this is likely a routine compliance matter rather than a significant tax dispute.
Historical Stock Returns for Rithwik Facility Management Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | 0.0% | -100.00% | -100.00% | -100.00% |
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