{"id":29350,"date":"2024-09-11T16:36:28","date_gmt":"2024-09-11T11:06:28","guid":{"rendered":"https:\/\/ascent-hr.com\/?p=29350"},"modified":"2024-12-05T14:01:14","modified_gmt":"2024-12-05T08:31:14","slug":"byjus-troubles-far-from-over-over-6000-current-and-former-employees-get-i-t-notice-for-unpaid-tds","status":"publish","type":"post","link":"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/byjus-troubles-far-from-over-over-6000-current-and-former-employees-get-i-t-notice-for-unpaid-tds\/","title":{"rendered":"Byju&#8217;s troubles far from over; over 6,000 current and former employees get I-T notice for \u2018unpaid\u2019 TDS"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"29350\" class=\"elementor elementor-29350\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-340d0d33 elementor-section-boxed elementor-section-height-default 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to blogs\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-left\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Back<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e2ffbb9 elementor-widget elementor-widget-html\" data-id=\"3e2ffbb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script type=\"text\/javascript\"> \n \njQuery(document).ready(function() {\n    jQuery('#back-to-previous').on('click', function() {\n      window.history.go(-1); \n      return false;\n    });\n});\n \n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9d53dbb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9d53dbb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d545f6\" data-id=\"9d545f6\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d056047 elementor-widget elementor-widget-vc_custom_heading\" data-id=\"d056047\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"vc_custom_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\" vc_custom_heading no_stripe consulting_heading_font  text_align_left\" ><h1 style=\"text-align: left;line-height: 50px;font-weight:700\" class=\"consulting-custom-title\">Byju&#8217;s troubles far from over; over 6,000 current and former employees get I-T notice for \u2018unpaid\u2019 TDS<\/h1><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d54bbc elementor-widget elementor-widget-stm_post_details\" data-id=\"9d54bbc\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"press\" data-widget_type=\"stm_post_details.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"post_details_wr  consulting_elementor_post_details\">\n    \n<div class=\"stm_post_info\">\n\t<div class=\"stm_post_details clearfix\">\n\t\t<ul class=\"clearfix\">\n\t\t\t<li class=\"post_date\">\n\t\t\t\t<i class=\"fa fa fa-clock-o\"><\/i>\n\t\t\t\tSeptember 11, 2024\t\t\t<\/li>\n\t\t\t<li class=\"post_by\">Posted by:\t\t\t\t<span>AscentHR<\/span>\n\t\t\t<\/li>\n\t\t\t<li class=\"post_cat\">Categories:\t\t\t\t<span>In the Press, Industry Story<\/span>\n\t\t\t<\/li>\n\t\t<\/ul>\n\t\t<div class=\"comments_num\">\n\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/byjus-troubles-far-from-over-over-6000-current-and-former-employees-get-i-t-notice-for-unpaid-tds\/#respond\"><i class=\"fa fa-comment-o\"><\/i>No Comments <\/a>\n\t\t<\/div>\n\t<\/div>\n\t\t\t<div class=\"post_thumbnail\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"988\" height=\"550\" src=\"https:\/\/ascent-hr.com\/wp-content\/uploads\/2023\/05\/The_Week-in-the-press-988x550.webp\" class=\"attachment-consulting-image-1110x550-croped size-consulting-image-1110x550-croped wp-post-image\" alt=\"Press thumbnail with The Week Logo\" srcset=\"https:\/\/ascent-hr.com\/wp-content\/uploads\/2023\/05\/The_Week-in-the-press-988x550.webp 988w, https:\/\/ascent-hr.com\/wp-content\/uploads\/2023\/05\/The_Week-in-the-press-350x195.webp 350w\" sizes=\"auto, (max-width: 988px) 100vw, 988px\" \/>\t\t<\/div>\n\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-cb6113e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cb6113e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-a363c59\" data-id=\"a363c59\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2925f8 elementor-widget elementor-widget-heading\" data-id=\"a2925f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Published in<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-de43b20 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"de43b20\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0b78a4a\" data-id=\"0b78a4a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f5f335 elementor-widget elementor-widget-image\" data-id=\"8f5f335\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.theweek.in\/news\/biz-tech\/2024\/09\/11\/byjus-troubles-far-from-over-over-6000-current-and-former-employees-get-i-t-notice-for-unpaid-tds.html\" target=\"_blank\" title=\"link to The Week website article\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"221\" height=\"60\" src=\"https:\/\/ascent-hr.com\/wp-content\/uploads\/2023\/09\/The-Week-Logo.webp\" class=\"attachment-medium size-medium wp-image-17405\" alt=\"The week logo\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f64ea27\" data-id=\"f64ea27\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-04f8ca9 elementor-widget elementor-widget-text-editor\" data-id=\"04f8ca9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Byju\u2019s is currently facing an insolvency process, and government authorities have submitted these claims to the Insolvency and Bankruptcy Board of India<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da938d2 elementor-widget elementor-widget-text-editor\" data-id=\"da938d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Byju&#8217;s has been facing problems one after another. In a very recent move, the Income Tax Department has reportedly issued demand notices for unpaid Tax Deducted at Source (TDS) to over 6,000 current and former employees of Byju&#8217;s. This has been happening over the past 10 days. As of August 30, the Indian tax authorities have been demanding $101 million in dues from Byju&#8217;s. The company is currently facing an insolvency process, and government authorities have submitted these claims to the Insolvency and Bankruptcy Board of India (IBBI). Mounting troubles may not be good for the company and it will further add to lack of customer and investor confidence.<\/p>\n<p>Apparently Pankaj Srivastava, the resolution professional appointed by the National Company Law Tribunal, is tasked with inviting lenders, employees, vendors, and the government to file claims for outstanding dues. TDS is the portion of tax that the employer deducts from the employee&#8217;s income and deposits with the Income Tax Department on behalf of the employee and that means that the TDS has not been promptly deposited by Byju&#8217;s to the tax authorities.<\/p>\n<p>\u201cByju&#8217;s situation reflects the challenges faced by high-growth startups in managing financial stability and investor relations, especially in a volatile economic environment. The issuance of demand notices for unpaid TDS to over 6,000 employees highlights the severity of the company&#8217;s financial troubles. The $101 million in tax dues and the ongoing insolvency process indicate that Byju&#8217;s is struggling to meet its financial obligations,\u201d said space and ed tech expert Girish Linganna.<\/p>\n<p>This expert adds that the involvement of the Insolvency and Bankruptcy Board of India (IBBI) and the appointment of a resolution professional suggest that the company is in a critical phase of restructuring and debt resolution. \u201cThe disputes with US lenders and disagreements with investors have further compounded the company&#8217;s difficulties. The impact on employees is significant, as they are now receiving demand notices for unpaid taxes, adding to the uncertainty and financial stress they may be experiencing,\u201d added Linganna.<\/p>\n<p>The company has faced numerous challenges, including disputes with US lenders, declining business, disagreements with investors, and eventually leading to insolvency. \u201cByjus&#8217;s have been dealing with several challenges in quick succession. This shakes the confidence of the investors and challenges the narrative that a large Edtech player had presented to win the confidence of the seasoned investors. The company has to rejuvenate itself by a reset of strategy, onset of new thinking and significant shifts in the leadership team\u201d Aditya Narayan Mishra the MD and CEO of CIEL HR told THE WEEK.<\/p>\n<p>The company has fallen in stature from a unicorn achieving 22 billion $ valuation to experiencing a significant drop in valuation.<\/p>\n<blockquote>\n<p>\u201cByjus&#8217;s is straddled with huge demands of outstanding statutory dues while continuing to fight debt repayments and poor investor perception. While its fight against insolvency and claims are going to take some time, Byjus should address the complaints against statutory dues and ensure its\u00a0 current or ex employees do not face any harassment from government authorities,\u201d <b><i>remarked Subramanyam S. founder and CEO of Ascent HR.<b><\/b><\/i><\/b><\/p>\n<\/blockquote>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d56954 elementor-widget elementor-widget-stm_post_bottom\" data-id=\"9d56954\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"stm_post_bottom.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"post_bottom_wr  consulting_elementor_post_bottom_info\">\n    <div class=\"post_bottom media\">\n\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d56a47 elementor-widget elementor-widget-stm_post_about_author\" data-id=\"9d56a47\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"stm_post_about_author.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"about_author_wr  consulting_elementor_post_about_author\">\n    <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-9d56c19 elementor-hidden-tablet elementor-hidden-phone\" data-id=\"9d56c19\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d5724f elementor-widget elementor-widget-stm_sidebar\" data-id=\"9d5724f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"stm_sidebar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<div class=\"stm_sidebar consulting_elementor_sidebar\">\n\n            \t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"17483\" class=\"elementor elementor-17483\" data-elementor-post-type=\"stm_vc_sidebar\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-86c5a23 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"86c5a23\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-86c64eb\" data-id=\"86c64eb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c694df elementor-widget elementor-widget-heading\" data-id=\"9c694df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Other Press Articles<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6853d8a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"6853d8a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ecc6a9d elementor-widget elementor-widget-stm_news\" data-id=\"ecc6a9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"stm_news.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"consulting_posts_box consulting_elementor_posts\n\t\t\t\tlist\t\t\t\t\">\n\t\t\t\t\t<ul class=\"consulting_posts posts_per_row_\">\n\t\t\t\t\t\t<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/the-growing-gap-between-education-employability-in-young-india\/\">The Growing Gap Between Education &#038; Employability in Young India<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/ascenthr-appoints-shivaprasad-mundakana-as-chro\/\">AscentHR Appoints Shivaprasad Mundakana as CHRO<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/how-ai-is-reshaping-hiring-without-replacing-human-decision-making\/\">How AI is reshaping hiring without replacing human decision making<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/ascenthr-acquires-os-hrs-to-strengthen-apac-payroll-leadership\/\">AscentHR acquires OS HRS to strengthen APAC payroll leadership<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/from-compliance-to-competitive-advantage-a-ceos-perspective-on-navigating-indias-new-labour-codes\/\">From Compliance to Competitive Advantage: A CEO\u2019s Perspective on Navigating India\u2019s New Labour Codes<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/why-organisations-are-re-evaluating-workplace-flexibility\/\">Why organisations are re-evaluating workplace flexibility<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/international-hr-day-chros-share-the-biggest-workplace-shifts-employees-must-prepare-for\/\">International HR Day: CHROs share the biggest workplace shifts employees must prepare for<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/succession-planning-the-strategic-imperative-for-sustainable-leadership\/\">Succession Planning \u2013 The Strategic Imperative for Sustainable Leadership<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/do-recruiters-check-your-social-media-what-hiring-managers-really-look-for\/\">Do recruiters check your social media? What hiring managers really look for<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n<li class=\"post_item\">\n\t<div class=\"post_inner\">\n\t\t\t\t<div class=\"news_item_info\">\n\t\t\t<h5 class=\"news_item_title line_none\">\n\t\t\t\t<a href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/all-in-good-time\/\">All in Good Time<\/a>\n\t\t\t<\/h5>\n\t\t\t\t\t\t<div class=\"news_info_bottom\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/li>\n\n\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-254f96c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"254f96c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-35b4dfe\" data-id=\"35b4dfe\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3e7bd05 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e7bd05\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5222e8b\" data-id=\"5222e8b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3b6559 elementor-widget elementor-widget-vc_custom_heading\" data-id=\"a3b6559\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"vc_custom_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\" vc_custom_heading  consulting_heading_font  text_align_left title_no_stripe\" ><div style=\"font-size: 16px;color: #ffffff;text-align: left;font-weight:700\" class=\"consulting-custom-title\">How can we help you?\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa74b16 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"aa74b16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper icon_align_  \">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"\/contact\/\" title=\"Link to contact form\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-phone-square-alt\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">contact Us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-03dafc5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"03dafc5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t    \n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Back Byju&#8217;s troubles far from over; over 6,000 current and former employees get I-T notice for \u2018unpaid\u2019 TDS September 11, 2024 Posted by: AscentHR Categories: In the Press, Industry Story No Comments Published in Byju\u2019s is currently facing an insolvency process, and government authorities have submitted these claims to the Insolvency and Bankruptcy Board of<\/p>\n","protected":false},"author":2,"featured_media":22324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158,281],"tags":[],"categories_case_studies":[],"class_list":["post-29350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-press","category-industry-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Byju&#039;s troubles far from over; over 6,000 current and former employees get I-T notice for \u2018unpaid\u2019 TDS - AscentHR<\/title>\n<meta name=\"description\" content=\"Discover the ongoing challenges faced by Byju&#039;s as over 6,000 employees receive IT notices for unpaid TDS, highlighting the company&#039;s financial struggles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ascent-hr.com\/en-ae\/resources\/in-the-press\/byjus-troubles-far-from-over-over-6000-current-and-former-employees-get-i-t-notice-for-unpaid-tds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Byju&#039;s troubles far from over; 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