Sai Life Sciences Receives Order Under Income Tax Act
Sai Life Sciences Limited announced on March 21, 2026, that it received an order from the Deputy Commissioner of Income Tax (International Taxation) Hyderabad on March 18, 2026, under Section 201 (1) of the Income Tax Act of 1961. The order pertains to non-deduction of Tax Deducted at Source (TDS) on payments made to a non-resident for the assessment year 2020-21.The order specifies a tax amount of INR 2,54,39,944 and interest of INR 1,99,17,238. The penalty amount will be assessed and levied by the officer.
According to the company’s assessment, an appeal will be filed, and Sai Life Sciences anticipates a favorable outcome at the appellate level. The company does not reasonably expect the order to have a material financial impact.
Details of the Order
| Particulars | Details |
|---|---|
| Name of the authority | The Deputy Commissioner of Income Tax (International Taxation) Hyderabad |
| Nature and details of the action | Order passed under Section 201 (1) of the Income Tax Act, 1961 on non-deduction of TDS on payments made to non-resident Tax - INR 2,54,39,944 Interest - INR 1,99,17,238 Penalty - As may be assessed and levied by the officer. |
| Date of receipt of the order | March 20, 2026, at 12:16 PM |
| Details of the violation | The demand is raised in respect of non-deduction of TDS on payments made to non-resident for the assessment year 2020-21 |
| Impact on financial activities | Based on the Company assessment, an appeal will be filed and the Company is hopeful of favourable outcome at the Appellate level and does not reasonably expect the said Order to have any material financial impact on the Company. |
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