FIROZ NADIADWALA GETS 3 MONTHS’ RI FOR TDS DEPOSIT DEFAULT | 27 April, 2019

Producer Firoz Nadiadwala was on 25th April convicted and sentenced to three months’ rigorous imprisonment for a year-long delay in depositing Rs. 8.56 lakh as tax deducted at source (TDS) during financial year 2009-10. The magistrate court at Ballard Pier in Bombay said that the subsequent payment does not absol­ve the producer from criminal liability. Special public prosecutor Amit Munde said that a similar case was pending against Nadiadwala, before the court. The magistrate court suspended the three-month sentence for a month when Firoz moved a plea to file an appeal before the sessions court.

The complaint against Nadiadwala was filed by the Income-tax officer (TDS) in March 2014. Nadiadwala said, he had al­ready deposited the TDS amount with the government, with interest and penalty.