TAX DEDUCTED AT SOURCE

  • Income Tax collections to fall short by Rs 9,000 crore April 8, 2015

    New Delhi: Income Tax collections are expected to fall short by an estimated Rs 9,000 crore because of a huge shortfall in the overall TDS mop up in the just concluded 2014-15 fiscal. Sources said that the department has till now collected an estimated Rs 6,96,000 crore of taxes against the...
  • SC rejects KFA's plea against HC order to pay Rs 350 cr TDS March 8, 2013

    New Delhi: The Supreme Court has dismissed a petition filed by Kingfisher Airlines challenging the Karnataka High Court order directing it to pay over Rs 350 crores of tax deducted at source (TDS). The company had contended in its petition that the amount due is much less than the demand...
  • Kingfisher Airlines owes Rs 269 cr income tax: Govt May 18, 2012

    New Delhi: Vijay Mallyapromoted Kingfisher Airlines owes Rs 269.06 crore income tax and IT Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha on Friday. Kingfisher Airlines was found to have deducted tax at source (TDS) on salary payments but had not deposited it...
  • No extension, July 31 last day to file Income Tax returns July 17, 2007

    New Delhi: File your Income Tax returns by July 31Finance Minister P Chidamabram has ruled out giving more time to taxpayers. "No chance, I suggest you file (Income Tax returns) today. Don't wait until the last day. Please file today," he said. Chidamabram said the government was yet to decide...