Thursday, 25 August 2011

Taxmen to investigate Dish TV accounts?

India’s largest DTH service Dish TV could be probed by the Income tax department for the recovery of last fiscal year’s tax dues. Tax officials feel the company by understating its tax liability actually ended up paying less tax than other DTH players with lesser number of subscribers.
According to a senior income tax official Dish TV has only paid Rs 39 crore instead of Rs 150 crore for the last fiscal year.

License fee is the amount paid annually by a DTH licensee company to the government. It is 10% of the gross revenue earned in a fiscal year.
Commenting on the issue a Dish TV’s spokesperson said that they are not aware about the license fees paid by other operators as that information is not in public domain and they are paying the fees based on the prevailing regulatory position. He further added that they are fully abided by all applicable statutory liability including entertainment tax.
According to a media report a senior income tax official has also said that the I-T department has found certain irregularities during the scrutiny of Dish TV’s account book and it might conduct a survey under section 133A of the Income Tax Act to verify account books and any document lying in its premises if the company does not come clean on its accounts.

Source: http://cablequest.org/news/dth-news/item/501-taxmen-to-investigate-dish-tv-accounts?.html
Source: http://cablequest.org/news/dth-news/item/501-taxmen-to-investigate-dish-tv-accounts?.html

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