The Income Tax department conducted search and seizure operations at Chinmaya Vidyalaya in Bokaro Steel City. During the search operation huge TDS defaults were unearthed, said officials.
A six-member team of IT officials from Bokaro conducted search operation at Chinmaya Vidyalaya and found default on submission of Tax Deduction at Source (TDS), informed officials.
The school has been found to have defaulted on submission of Tax Deduction at Source (TDS) to the income tax department, said A K Chaubey ITO Bokaro. “Investigation is on. Prima facie, the school has been found defaulter of Rs 10 lakh (approx) on submission of TDS,” he added.
“We found several payments were made to the teachers under the name and style of ‘contract fees’ and it was paid to them without deducting the TDS.Besides this several irregularities were found during the search and surveys operations,” he said.
Huge numbers of incriminating documents, statements have been sized and we have called the school authority, said an IT official.
Despite many seminars, workshops and interactive sessions, many individuals and organisations have not remitted the dues to the government account within the stipulated time. The deductors were asked to make the proper deduction of TDS and also remit the same to the government account well before the end of the financial year, said an official.