It looks as if the woes for Eros International refuse to subside. After being embroiled in a number of authorized monetary issuesreports now state that the Additional Chief Metropolitan Magistrate Court in Mumbai has issued summons to Eros International’s directors. These summons come after alleged non-payment of Tax Deducted at Source amounting to a staggering Rs. 18 cr.
Court summons Eros International directors for apparent delay in payment of TDS
As per the reportthe delay in payment of TDS is for the monetary years2016-17 2017-18with the court docket directing them (the directors) to current earlier than it on November 7. As for the case in opposition to Eroslegal proceedings have been initiated in 2019with the primary occasion being for non-payment of TDS in 2016-17 to the tune of Rs. 10 crwhile the second is for Rs. 7.77 cr for the 12 months 2017-18. This offence of non-payment is punishable beneath sections 276B 278B of the Income-Tax Act.
Currentlyno official assertion from Eros International is accessible on the mentioned matter.
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