CorporateGovt slaps penalty on Kingfisher Airlines
The government today said it has penalised Kingfisher Airlines with a fine of over Rs 26 crore for delay in the payment of tax deduction at source (TDS).
"In case of Kingfisher Airlines, 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.
However, an amount of Rs 35.31 crore from April 2008 to March 2009 was remitted to the government account.