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Taxmen slap prosecution notice on Jet Airways for TDS defaults

Income Tax (IT) authorities have slapped prosecution notice on Naresh Goyal-promoted Jet Airways for TDS (Tax Deduction at Source)payments default, official sources said today

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Income Tax (IT) authorities have slapped prosecution notice on Naresh Goyal-promoted Jet Airways for TDS (Tax Deduction at Source)payments default, official sources said today. The notice was served to the Mumbai-headquartered airline after tax men said they have detected "several irregularties" in the TDS payments by the private carrier.

"We have issued prosecution notice to Jet Airways for TDS default for the previous three fiscals-2008, 2009 and 2010 as well as for the on-going financial year," the sources said.

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