Failure to deposit the tax deducted by a company will lead to criminal prosecution with imprisonment from three months to seven years. In a statement, the Principle Chief Commissioner of Income Tax of Delhi, S S Rathore said, the department is very serious about timely depositing of the TDS deducted by the employers. He reiterated that the TDS is government money which has to be deposited in treasury on timely basis. Mr Rathore said, the Principal Chief Commissionerate, New Delhi has sanctioned prosecution in approximately 240 cases this year which show the strict attitude of Income Tax Department towards the defaulters. Mr Rathore also said, the Director of a Delhi-based Real Estate and IT Solution Company was sent to jail yesterday for non-compliance in Income Tax TDS Default case. He said, it was found that an amount of more than one crore rupees was deducted by the assessee company. The assessee company was found to be defaulting on filing of TDS return statements.