I-T department freezes Kingfisher Airlines accounts over part payment of dues

New Delhi: The I-T department on Tuesday reportedly froze the bank accounts of Kingfisher Airlines, allegedly over part payment of dues.

Sources said that the airlines had been slapped with a notice of Rs 342 crore.

The airlines had to repay Rs 9 crore every week. KFA made a part payment of Rs 4.5 crore for two weeks.

Kingfisher Airlines had to reportedly pay Rs 9 cr every week. KFA made a part payment of Rs 4.5 cr for 2 weeks.

Since November 2011, the Service and Income Tax departments have frozen as many as 40 bank accounts of the airline for non-payment of these levies. While it owes Rs 76 crore to the Service Tax department, the airline has to pay nearly Rs 60 crore to the I-T department in TDS arrears.

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