SBFC Finance has successfully closed a show cause notice regarding the non-payment of profession tax and non-filing of tax returns. The company had previously responded to the notice issued by the Telangana Government, clarifying that the requisite professional tax had been duly paid. The professional tax office has confirmed closure of the notice as of October 9, 2025.
Resolution of Profession Tax Notice
SBFC Finance has successfully resolved a show cause notice pertaining to profession tax matters in Telangana. This notice was initially issued concerning the non-payment of profession tax and the non-filing of associated tax returns.
Company’s Response and Clarification
The company responded to the issued notice and clarified that all due professional taxes had been paid. This clarification was communicated to the relevant Telangana Government Commercial/State Taxes Department.
Official Closure Confirmation
On October 10, 2025, SBFC Finance received an official communication confirming the closure of the aforementioned show cause notice. This communication, endorsed on October 9, 2025, indicated that there was no outstanding demand from the concerned professional tax office, effectively closing the matter.
Source: BSE
