Monthly Archives: September 2013

Company’s MD Sentenced 3 months rigorous imprisonment for TDS default

Managing Director of M/S Kitty Steels Ltd., Hyderabad Sentenced for 3 Months along with the Fine of Rs. 5000/- Each for the Two Offences Committed under Section 276B and 276C of the Income Tax Act. The assessee company had deducted tax at source from the salaries, dividends and payments made to the contractors, but had not deposited the tax so

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