Saturday, June 25, 2005

Guruvayur Devaswom to file IT returns by July 15
T. Ramavarman

GURUVAYUR: Guruvayur Devaswom has assured the Income Tax (IT) authorities
that tax returns of the Devaswom for the last 10 years will be filed by July
15. Devaswom sources told The Hindu here that the chartered accountants firm
that had been appointed auditor of the Devaswom had communicated this to the
IT department. Income-Tax authorities have, in turn, agreed that they would
not proceed on the notices issued to the banks that have accepted deposits
from the Devaswom. The IT Department had earlier warned the banks of
punitive action for not deducting TDS on the deposits of the Guruvayur
Devaswom, as it did not have IT exemption.

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