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TDS scam - discovered by Income Tax Dept

Chalanachithram.com DB » New TF Industry Related » Archive through March 05, 2018 » TDS scam - discovered by Income Tax Dept « Previous Next »
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Rajusk
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Username: Rajusk

Post Number: 61692
Registered: 02-2008
Posted From: 172.56.36.149

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Posted on Monday, March 05, 2018 - 09:33 am:       


Emc2:




Finally technology being put to use..for the right cause
 

Emc2
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Username: Emc2

Post Number: 68016
Registered: 03-2008
Posted From: 71.126.165.211

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Posted on Monday, March 05, 2018 - 09:30 am:       

i love it, incredible india

 

Uno
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Username: Uno

Post Number: 2395
Registered: 03-2016
Posted From: 99.231.161.157

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Posted on Monday, March 05, 2018 - 09:29 am:       


Rajusk:

had failed to deposit the TDS collected




I think it is a 'default' and not scam
http://Taraxa.io
 

Rajusk
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Username: Rajusk

Post Number: 61691
Registered: 02-2008
Posted From: 170.74.248.21

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Posted on Monday, March 05, 2018 - 09:10 am:       

A TDS (tax deducted at source) scam worth Rs 3,200 crore has just been unearthed by the Income Tax department.

According to an investigation between April 2017 and March 2018, as many as 447 companies had failed to deposit the TDS collected from their respective employees with the taxman.firms had instead diverted the money to further their own business interests, often as working capital.

For instance, a leading politically-connected builder had thus diverted Rs 100 crore while an MNC providing IT solutions had failed to deposit Rs 11 crore. The list of offenders also includes movie production houses, infrastructure companies, start-ups as well as fly-by-night operators.

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