It looks like the problems for Eros International decline to diminish. After being involved in several legal and monetary problems, reports now mention that the Additional Chief Metropolitan Magistrate Court in Mumbai has actually provided summons to Eros International’s directors. These summons followed supposed non-payment of Tax Deducted at Source totaling up to a shocking Rs. 18 cr.
Court summons Eros International directors for obvious hold-up in payment of TDS
As per the report, the hold-up in payment of TDS is for the fiscal years, 2016-17 and 2017-18, with the court directing them (the directors) to provide prior to it on November 7. When it comes to the case versus Eros, legal procedures were started in 2019, with the very first circumstances being for non-payment of TDS in 2016-17 to the tune of Rs. 10 cr, while the 2nd is for Rs. 7.77 cr for the year 2017-18 This offense of non-payment is punishable under areas 276 B and 278 B of the Income-Tax Act.
Currently, no main declaration from Eros International is readily available on the stated matter.
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