IT department freezes Cognizant's bank accounts for alleged tax evasion:

[aakathaai]

 

The company is believed to have not paid 20 percent DDT on dividend paid to its parent company in FY17.

 

   

 

The Income Tax (IT) department has frozen the bank accounts and deposits of US-based tech giant Cognizant, on grounds that the firm evaded dividend distribution tax (DDT), reported The Economic Times.

The IT department had sent a notice to the the India unit of Cognizant for evading tax to the tune of Rs 2,500 crore. The company is believed to have not paid 20 percent DDT on dividend paid to its parent company in FY17, an Income Tax official told the paper.

"Income Tax Act requires Dividend Distribution Tax on any distribution, on reduction of capital, to the extent accumulated profits defined as dividends... CTS was required to pay DDT of more than Rs 2500 crore in FY2016-17 itself but failed to pay," the official was quoted as saying.

 

The company's accounts were frozen around a week ago.

[Demigod]

aithe e nela jeethalu raava?

[Anta Assamey]

58 minutes ago, Demigod said:

aithe e nela jeethalu raava?

Operations ki no problem Ani statement icharu ga

[ARYA]

[nandananditha]

Yekadiki yentha dorikithe antha dochukovatam

 

God is the only reason that people are leading their life's in India ani killadi uncle anadu

[Quickgun_murugan]

Ee consultancies ni aapaali

[soldier]

ALso eliminates then from hone lottery!!!

[LastManStanding]

 

[TampaChinnodu]

eb1 ni kooda kampu sesi 10rgaru . daani meeda okka investigation veyyali. 

[xxxmen]

On 3/28/2018 at 8:18 AM, Quickgun_murugan said:

Ee consultancies ni aapaali

Endku apali ekada jobs cheap ga outsource chestunaru ana tell me valid reason.

[Quickgun_murugan]

48 minutes ago, xxxmen said:

Endku apali ekada jobs cheap ga outsource chestunaru ana tell me valid reason.

Local market lo locals ki jobs rakunda chestunnanduku... don't say locals are not qualified. They are much more and also very committed ...

[boeing747]

5 hours ago, Quickgun_murugan said:

Local market lo locals ki jobs rakunda chestunnanduku... don't say locals are not qualified. They are much more and also very committed ...

endivayya nuvu..ila aythe dallas lo east facing homes sale ela avutai

[sattipandu]

excellent

[Quickgun_murugan]

29 minutes ago, boeing747 said:

endivayya nuvu..ila aythe dallas lo east facing homes sale ela avutai

Sab ko laga dengey kaka.. love da lodi America ki east facing rogam anticharu mana lathkor gallu...

[xxxmen]

12 hours ago, Quickgun_murugan said:

Local market lo locals ki jobs rakunda chestunnanduku... don't say locals are not qualified. They are much more and also very committed ...

Locals jobs endku levu vayya IT lo ala ayite mari labor stats unemployment rate record low lo endku vundi