Tax Deducted At Source

SC rejects KFA's plea against HC order to pay Rs 350 cr TDS

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 contended in its petition that the amount due is much less than the demand made by the IT Department and the department had not given it a proper opportunity to hear its case. ...  

Kingfisher Airlines owes Rs 269 cr income tax: Govt

New Delhi: Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T 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 in Government account, Minister of State for Finance SS Palanimanickam said in a written reply. "Survey... was conducted at...  

No extension, July 31 last day to file Income Tax returns

Finance Minister P Chidamabram says don’t dilly-dally. ...