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  1. SpiceJet says no default on tax obligation, no summons issued

SpiceJet says no default on tax obligation, no summons issued

No-frills carrier SpiceJet on Wednesday said it has not defaulted on the TDS obligations after it was reported that a Delhi court had summoned the airline and its former owners in tax evasion cases.

By: | Published: July 23, 2015 12:45 AM

No-frills carrier SpiceJet on Wednesday said it has not defaulted on the TDS obligations after it was reported that a Delhi court had summoned the airline and its former owners in tax evasion cases.

“There have been media reports regarding summons issued to SpiceJet, its previous non-executive promoter and the previous managing director over the non-deposit of tax deducted at source (TDS),” the airline said in a statement.

“The Company, hereby, clarifies it has paid the outstanding TDS of FY14 and FY15 in February,. Further, the Company has been paying TDS dues as per the provisions of Income Tax Rules and there has not been any default on its TDS obligations,” it added. “It is further clarified that the company has not received any summons or notice as reported in certain sections of the media.”

SpiceJet said the reports relate to the period prior to the change in management.

“In this period, certain communications had been exchanged with the IT department and these were suitably responded to by the company. The company, at that time, had also conveyed the non-executive position of the then promoter of the company. No outcome of such communication have been communicated to the Company by the authority,” it said.

The ownership of SpiceJet changed hands from Kalanithi Maran to Ajay Singh, a co-founder of the airline, in January. Maran and his associate company KAL Airways transferred their entire stake to Ajay Singh, who then replaced Maran as the company’s chairman.

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