High court asks Kingfisher Airlines to remit half its TDS dues

Vijay Mallya-owned Kingfisher Airlines have been fined by the Karnataka High Court on Wednesday and directed the company to deposit 50% of the Rs 371 crore that it is required to remit to the Income-Tax Department as tax deducted at source (TDS) from its employees and payments made towards expenses. The High Court has also asked the company to furnish bank guarantee for the remaining amount due to the Department, within six weeks.
The Kingfisher Airline’s contention is that the amount due

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