Income Tax survey at registered office; alleged non-update of SFT return in Form 61A
Income Tax Dept conducted a survey under Section 253 of the Income Tax Act, 2025 at the company's registered office on 14 Oct 2026.
By ScoutQuest · · 2 min read
- Survey Date
- 14 October 2026
- Statutory Provision
- Section 253 of the Income Tax Act, 2025
- Alleged Non-Compliance
- non-update of SFT return in Form 61A
An income tax survey at the registered office
DIC India Limited has disclosed that the Income Tax Department conducted a survey under Section 253 of the Income Tax Act, 2025 at the registered office of the Company on 14 October 2026. The Company said it extended its full co-operation and support to the concerned officials.
What the update records
- Record of Survey Proceedings was received on 15 October 2026 at 10:52 am.
- During the survey, nothing was found at the premises which was required to be impounded or inventorised by the authority.
- The alleged violation stated: non-update of SFT return in Form 61A.
- No penalty or restriction was imposed pursuant to the communication.
How the Company responded
- During the survey proceedings, the Company sought time to review the alleged non-update of SFT return in Form 61A and take necessary steps accordingly.
- The Department asked the Company to remain present through its Authorised Representative on 15 October 2026. On that date the Company's authorised representatives appeared before the Department and sought time.
What the Company says about impact
- Presently, there is no impact on the business operations of the Company due to the aforesaid survey.
- The Company states that the allegation relates to non-update of SFT returns in Form 61A.
How a reader might see it
A survey is an action taken by the tax authority at the Company's premises. The update names the specific alleged non-compliance, and records that nothing was found at the premises which needed to be impounded or inventorised. It also records that no penalty or restriction was imposed and that the Company presently sees no impact on its business operations. The Company has sought time to review the alleged non-update and take necessary steps.
Also from DIC India
Transfer pricing adjustment recomputed and reduced to ~Rs. 3.74 crore for AY 2023-24 after DRP directions
24 Oct 2026
CRISIL A/Stable and CRISIL A1 reaffirmed on DIC India's Rs.100 crore bank facilities and Rs.50 crore short-term debt
15 Oct 2026
DRP issues transfer pricing directions for AY 2023-24; most objections not accepted, final order awaited
2 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.