tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

RPP Infra Projects Faces Prosecution for TDS Deposit Delay

Story Highlights
  • RPP Infra Projects Ltd. received an order for prosecution due to delayed TDS deposit.
  • The delay was due to internal coordination issues, and compounding proceedings have been initiated.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RPP Infra Projects Faces Prosecution for TDS Deposit Delay

Claim 70% Off TipRanks This Holiday Season

RPP Infra Projects Ltd. ( (IN:RPPINFRA) ) has issued an update.

RPP Infra Projects Ltd. has announced the receipt of an order sanctioning prosecution under the Income Tax Act, 1961, due to a delay in depositing tax deducted at source (TDS) for the financial year 2022-23. This delay was attributed to an internal coordination gap during a transition in the company’s compliance function. The company has initiated compounding proceedings with the Income Tax Department, emphasizing that the delay was inadvertent and not intended to withhold material information.

More about RPP Infra Projects Ltd.

RPP Infra Projects Ltd. is a company operating in the infrastructure sector, focusing on construction and development projects. It is involved in providing services related to infrastructure development and has a market presence in India.

Average Trading Volume: 7,706

Technical Sentiment Signal: Hold

Current Market Cap: 5.07B INR

Find detailed analytics on RPPINFRA stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1