Kingfisher Airlines violated tax rules: Govt

Kingfisher Airlines violated tax rules: Govt
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First Published: Tue, Dec 20 2011. 01 03 PM IST

Updated: Tue, Dec 20 2011. 01 03 PM IST
New Delhi: Cash-strapped Indian carrier Kingfisher Airlines has not deposited with the government most of the income tax it deducted from its employees’ salaries for the last two fiscal years, minister of state for finance, S. S. Palanimanickam said on Tuesday.
Kingfisher has about Rs130 crore ($24.6 million) tax deducted at source (TDS) to be deposited with the government and has committed to pay it by the end of the current financial year to March 2012, he told parliament in a written reply to a question.
“Survey has been conducted in case of Kingfisher Airlines, which revealed that the airline had not adhered to TDS provisions,” the minister said.
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First Published: Tue, Dec 20 2011. 01 03 PM IST
More Topics: Kingfisher Airlines | Aviation | Tax | TDS | Parliament |