Datamatics Global Services has confirmed receiving a Demand Notice from the Income Tax Department for the assessment year 2020-21. The demand totals Rs. 1,34,107, which includes interest of Rs. 56,138, related to alleged non-deduction of tax on foreign payments. The Company stated on March 27, 2026, that it is currently evaluating the order and anticipates no material impact on its financials or operations.
Receipt of Income Tax Demand Notice
Datamatics Global Services Ltd. has formally disclosed the receipt of a Demand Notice issued by the Income Tax Department under Section 156 of the Income-Tax Act, 1961. This notification was officially received by the Company on March 27, 2026.
Details of the Demand
The demand pertains to the assessment year 2020-21 and amounts to a total of Rs. 1,34,107. This figure explicitly includes interest quantified at Rs. 56,138. The basis for the demand relates to the alleged non-deduction of tax concerning certain foreign payments made by the Company.
Company Response and Impact Assessment
The management confirmed that they are currently in the process of evaluating the order thoroughly. Appropriate action will be taken within the stipulated timelines prescribed by the authorities. Crucially, the management asserts that the said Demand Notice will have no material impact on the Company’s financials, operations, or other general activities.
The Company has made this information available on its official website for stakeholder reference.
Source: BSE
