Friday, March 25, 2016

Taxing times for Kingfisher Airlines staff continue

Mumbai: Shock and helplessness was writ on Sanjay Bahadur's face, a former employee of the now-defunct Kingfisher Airlines, when he received intimation from the Income Tax (I-T) department, asking for taxes of about Rs 34 lakh on the income he had earned between 2009 and 2012.

The fresh tax demand was raised with respect to assessment years 2010-11, 2011-12 and 2012-13. The notice, served to Bahadur on March 17 and reviewed by Business Standard, states that his return for assessment year 2015-16 would be adjusted against the outstanding demand raised for the assessment years. "If no action taken by you immediately on this notice under Section 245, the demand as on that date will be considered for adjustment against your refund," read the notice.
This is the fourth notice Bahadur has received from the tax sleuths since 2013. The latest notice has details of the past three notices and highlights the non-payment of dues in the respective years. "I resigned from the airline in 2013, and since then I am filing tax returns. When the second demand notice was raised against me in 2014, I wrote to the tax officer seeking the withdrawal of the demand made by the department," said Bahadur.

In his letter dated December 2014, Bahadur had informed the assessing officer concerned in New Delhi that the return on income was appropriately filed by him and there was no outstanding liability on his part. He said the demand appeared because the tax deduction at source (TDS) had not been deposited by Kingfisher Airlines.

Bahadur is not the only one; many employees of Kingfisher are getting such notices. Employees, who have already been grappling with a cash crunch because of unpaid salaries for the past three years, are now contemplating legal recourse.
24/03/16 Shrimi Choudhary/Business Standard
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