It is only in rare cases that the employer fails to deposit tax deducted (TDS) from the salary of employees to the government. I have come across many cases of delay in payment but not non-payment of taxes. Kingfisher case – However, I have come across two cases of non-payment …
Read More »Best practice for filing of eTDS Return for Q4 financial year 2014-15
As you may be aware, the due date (May 15, 2015) for filing of TDS statements for Q4, Financial Year 2014-15 is approaching fast and therefore, CPC (TDS) is reaching out to you to ensure that best practices are followed in exercise of the above activity. Key information to note: CPC …
Read More »Tax Default by Kingfisher Airlines – case study Part II
(Continued from yesterday’s article) KFA failed to deposit 50% of TDS dues as directed by High Court. So, the department initiated Criminal Proceedings against KFA and its CEO. Stage Two – Criminal Proceedings Summary of Facts – The department initiated criminal proceedings against the company and its CEO and the …
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