Director of realty firm arrested, sent to jail

JailBy Accommodation Times Bureau


On Saturday, the finance ministry said that Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT Solution Company for non-compliance in Income Tax TDS Default case.

During investigations, it was found that the company had deducted TDS but had not deposited in the Government account despite there being a statutory obligation under the Income Tax Act. This also led to harassment of many innocent persons whose TDS had been deducted but the TDS returns had not been filed by the Real Estate Company, it added.

The ministry said that “It was found that during FY 2013-14, FY 2014-15 and FY 2015-16, amounts of Rs. 45,68,990/-, Rs. 35,45,290/- and Rs. 33,36,970/- were deducted by the assessee company,” it further added, “The assessee company was found to be defaulting on the filing of TDS return statements.”

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