Summary:
The deducted TDS amount must be deposited on the 7th of every month.Shanker said, “The income tax (I-T) department is rigorously pursing TDS default cases. Conviction in TDS cases is a rarity, said officials.Shailesh Shah and his wife Bhavana , who run Lightwave Trading in Andheri (E), were released on bail and will appeal against the conviction. MUMBAI: A metropolitan magistrate court on Monday convicted two directors of an Andheri-based firm to three months' rigorous imprisonment for defaulting on 6 lakh tax deducted at source (TDS) payment in 2012. Since last year, we have filed more than 800 prosecution cases. A A Shanker, principal chief commissioner, I-T (Mumbai region), said TDS had not been deposited by the due date..