Updated: Fri, 29 Nov 2013 07:45:00 GMT | By PTI

Wipro's tax dues may lead to asset seizure

Bangalore municipality alleges Wipro has not paid taxes to the tune of Rs 16.47 cr


Wipro's tax dues may lead to asset seizure (© Reuters)

Bangalore: Wipro, India’s third largest IT company, has been threatened with legal action by authorities for allegedly not paying Rs 17 crore property tax as sought by the Bangalore municipal corporation. Wipro said it was “exploring all legal options at its disposal to seek redressal” against any such move by the authorities concerned.    

Bruhat Bengaluru Mahanagara Palike alleged Wipro had not paid taxes despite repeated notices and has now slapped a final notice for payment, failing which the company faces legal action including seizure of movable property.    

“They still owe us Rs 16.47 crore in tax and dues, but despite sending them repeated notices, Wipro officials are not paying the amount. We have sent them the third and final notice, but still they are trying to buy time,” Standing Committee on Taxation and Finance Chairman M S Shivaprasad said.      

The corporation, he said, could confiscate the movable properties of tax defaulters if they failed to pay even after being served with three notices. Wipro termed the notice as “intimidatory tactics to collect money against unsubstantiated notice of payment” and said it was exploring all legal options to seek redressal.

MSN Mobile News

get connected

Follow.Share.ConnectTwitterRSSMobile

news videos

more news videos