Press Esc to close
Saturday 25 February 2017
News updated at 12:27 PM IST
Weather
Max: 35.5°C
Min : 19.7°C
In Bengaluru
clear sky

JD(U) submits TDS for rally expenses

Abhay Kumar, PATNA, fEB 27, 2013, dhns:

Transparent move

Two months after the Income Tax Department served a notice on the Janata Dal (United) asking it to explain the expenditure incurred on Bihar Chief Minister Nitish Kumar’s much-hyped Adhikar rally in Patna last year, the party has set a new benchmark.

It has not only informed the department that nearly Rs 27 lakh was spent on the event, but also submitted that Rs 30,000 was deposited as TDS (tax deducted at source) liability on making contractual payments.

This was confirmed by Deputy Commissioner, Income Tax (TDS section), Ajay Jadeja who said the I-T return had been filed and “we have found the tax compliance to be proper.”

“Under the I-T Act, tax deduction at source is mandatory while making contractual payments. Since we did not know whether this had happened during the Adhikar rally, we needed to know the source of money and whether the government got its share of tax. So a notice under Section 194 (C) of the IT Act, 1962, was issued to the JD(U) on December 19, 2012, asking it to explain whether tax was deducted at source while making contractual payments,” Jadeja told Deccan Herald here on Wednesday.

The payment was made to contractors who provided transport, catering services, hoardings, posters and banners. It also informed the IT sleuths that rest of the arrangements were done by party members in their individual capacity and hence there was no further TDS liability.

“When we initiated the inquiry, the JD (U) office-bearers were not aware about the TDS liability on contractual expenses.

Eventually, they obtained a TAN (Tax Account Number), recovered TDS from contractors as per the provisions made in Chapter XVII (B) of the IT Act, and deposited it in the government account,” said the senior I-T official.

On whether any political party had ever submitted TDS details for any rally held anywhere in the country, Jadeja said: “So far as I know, the JD (U) is arguably the first major political party in the country to have done so. We have found the tax compliance to be proper.”

 

Go to Top

Photo Gallery
A young leopard in a box in the zoo in Eberswalde, Germany...

A young leopard in a box in the zoo in Eberswalde, Germany...

Devotees performing pooja to Lord Shiva at Shiva Temple, old airport road, on the occasion...

Devotees performing pooja to Lord Shiva at Shiva Temple, old airport road, on the occasion...

Emma Watson arrives for the Beauty And The Beast Premiere...

Emma Watson arrives for the Beauty And The Beast Premiere...

Army jawans firing air shots to pay tributes to L/NK Ghulam Mohi ud din Rather during...

Army jawans firing air shots to pay tributes to L/NK Ghulam Mohi ud din Rather during...

The yet unnamed polar bear cub and its mother Giovanna explore the open air enclosure...

The yet unnamed polar bear cub and its mother Giovanna explore the open air enclosure...

Devotees offering prayers to lord Rameshwara on the occasion of 'Shivaratri' at Rameshwara Swamy...

Devotees offering prayers to lord Rameshwara on the occasion of 'Shivaratri' at Rameshwara Swamy...

A cow stands with the cow photographer in front a screen in Verden, Germany...

A cow stands with the cow photographer in front a screen in Verden, Germany...

A boy carrying his grand father for casting during the 4th phase of assembly elections...

A boy carrying his grand father for casting during the 4th phase of assembly elections...

NSUI activists participating in peace unity march at Delhi University in New Delhi...

NSUI activists participating in peace unity march at Delhi University in New Delhi...

A man dressed as Hindu Lord Shiva performs during a religious procession ahead of the Hindu...

A man dressed as Hindu Lord Shiva performs during a religious procession ahead of the Hindu...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523