Bollywood producer Firoz Nadiadwala has been sentenced to three-month rigorous imprisonment (RI) by a city court for delay in payment of Rs 8.56 lakh as tax deducted at source (TDS) for the fiscal year 2009-10.
Additional Chief Metropolitan Magistrate R S Sarkale recently found Nadiadwala guilty of committing offence under relevant provisions of the Income Tax Act and awarded him three months of rigorous jail term.
The case of delay in payment of Rs 8.56 lakh TDS is related to the financial year 2009-10.
A complaint against Nadiadwala, known for producing hit Hindi films like 'Hera Pheri' and 'Welcome', was registered by an income tax officer in March 2014.
The officer alleged the film producer had not given the exact reason for not paying the TDS amount within the stipulated period.
When contacted, Nadiadwala declined to comment on the issue, saying the matter is sub judice.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app