The
Central Board of Direct Taxes (CBDT) has asked all I-T ranges to
identify such cases where revenue implication is large and initiate
prosecution in competent courts.
PTI | Mar 10, 2013, 09.09AM IST
NEW
DELHI: The Income Tax department has decided to crack the whip on big
companies and organisations that do not remit TDS money even after
deducting it from their workers' salaries.
The
Central Board of Direct Taxes (CBDT), the controlling and
administrative authority of the department, has asked all I-T ranges to
identify such cases where revenue implication is large and initiate
prosecution in competent courts.
The
action will be taken under Section 276B of the I-T Act which deals with
"failure to pay tax to the credit of central government (I-T
department)" and punishment under the said provision carries a rigorous
imprisonment varying from three months to seven years of jail along with
a fine.
"The
department has detected some big cases of non- compliance in depositing
tax stipulated under the TDS (Tax Deducted at Source) category. The
department has taken this violation seriously and I-T authorities have
been asked to initiate prosecution in cases of high revenue and blatant
violation of TDS remittance laws," a senior department official said.
A
case is that of the Kingfisher airlines where the I-T had asked the
carrier to deposit around Rs 185 crore as TDS deducted from its
employees' wages. The Supreme Court had refused a relief to the grounded
airline and asked it to deposit the due taxes under TDS.
Some
very flagrant violations have been detected by the income tax
investigations and intelligence units across various ranges and keeping
in mind the huge amount of revenue involved, the department has now
decided to initiate strict measure, the I-T official said, adding almost
50 such cases are now being sent to the courts.
"In
some cases, the affected parties have been asking for compounding the
fine after notices for payment of taxes were sent to them.
Jurisdictional chief commissioners are empowered to take a decision on
these requests," the official said.
The
department is plugging each and every source of revenue to achieve the
Rs 5.65 lakh crore revenue mop up target under the direct taxes category
for this fiscal which will end on March 31.
No comments:
Post a Comment