Hospital MD gets 3 years in jail for not remitting I-T deductions

The special court of economic offences has convicted the managing director and the director of a reputed cardiology hospital for not remitting the income tax deducted from various persons to the government account within the stipulated date.

The I-T Department has not revealed the name of the hospital and the directors convicted by the court. The special court held that the accused had committed an offence under section 276 (B) of the I-T Act and sentenced them to rigorous imprisonment of three years and Rs 50,000 fine on each of the accused.

A department release said that several cases of non-deduction of taxes and non-remittance to the government are pending before the court. Several companies, including some IT firms, have not remitted the tax despite deducting the same from various persons, including its employees.