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Monday, May 24, 1999
IOC, HCL probed for TDS evasion
PRESS TRUST OF INDIA
NEW DELHI, MAY 23: Indian Oil Corporation (IOC), NIIT and HCL among other corporates have been covered by a survey conducted by the Income Tax department to detect any violations in tax deduction at source (TDS) for inadmissible payments made, according to highly placed IT officials. "Income tax department had carried out the survey in April of certain corporates on TDS violation where NIIT, HCL and IOC have figured," sources said."Investigations on the TDS violations by the companies which figured in the survey are still on," they said. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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