New Delhi, July 19: 26 Cr Penalty On Kingfisher by Govt, The Income Tax authorities have slapped Vijay Mallya held-Kingfisher Airlines with a Rs 26-crore penalty notice for delayed payment of tax deducted at source (TDS).
“In case of Kingfisher Airlines Pvt Ltd, a penalty of Rs 26.46 crore for the delayed remittance of deducted tax has been levied,” minister of state for finance S S Palanimanickam said in a written reply to a question in Lok Sabha.
Spicejet and MDLR were the other two airlines that came under scrutiny of the tax authorities for not remitting the TDS on time.
“Spicejet Pvt Ltd’s TDS for the financial year 2007-08 amounting to Rs 7.74 crore and for 2008-09 amounting to Rs 3.64 crore was deducted but not deposited into the government account,” the minister said.
However, Spicejet, has now paid Rs 11.62 crore to clear the dues, the minister added. On MDLR, Palanimanickam said, the total demand raised by the tax authorities was Rs 5.65 crore and the airline has deposited Rs 75.4 lakh into the government account.
In case of Kingfisher, Palanimanickam said TDS amounting to Rs 32.73 crore was deducted from April 2008 to November 2008.
–Agencies