1. Income Tax dept releases list of 31 big tax defaulters with Rs 1500 cr dues

Income Tax dept releases list of 31 big tax defaulters with Rs 1500 cr dues

Moving ahead with its strategy of 'naming and shaming' large tax defaulters, the Income Tax department...

By: | New Delhi | Updated: April 16, 2015 2:30 PM
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As per a statement given by government in Parliament, the total Corporate Tax demand pending for collection up to the month of December, 2014 was Rs 3,11,080 crore. (Thinkstock)

Moving ahead with its strategy of ‘naming and shaming’ large tax defaulters, the Income Tax department on Wednesday came out with a list of 31 defaulters who owe over Rs 1,500 crore to the government.

Some of the big defaulters of income tax/corporate tax in the list are: Hyderabad-based Totem Infrastructure (401.64 crore), Pune-based Patheja Bros Forging & Auto Parts Mfg Co (Rs 224.05 crore), Hyderabad-based Royal Fabrics (Rs 158.94 crore); and Mumbai-based Home Trade (Rs 72.18 crore).

Asking the defaulters mentioned in the list to “pay tax arrears immediately”, the Income Tax Department said the assesses are either “not traceable” or they have “inadequate assets for recovery”.

This is the second such list released by the department within one month. The earlier list had names of 18 entities who owe over Rs 500 crore in tax to the exchequer.

Check full list: 31 Income-tax defaulters

The initiative, according to a senior tax official is aimed at publicizing and putting these names in public domain so that the common man can come forward to help the department in knowing the whereabouts of these.

As per a statement given by government in Parliament, the total Corporate Tax demand pending for collection up to the month of December, 2014 was Rs 3,11,080 crore.

Government’s efforts to improve revenue collection include, surveys for identification of potential tax evaders, gathering information from various sources, regular scrutiny, audit, joining global efforts to combat cross-border tax evasion and tax fraud and to promote international tax compliance.

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  1. W
    Why
    Apr 17, 2015 at 1:19 am
    How about some google search ... 401 Cr.
    Reply
    1. W
      Why
      Apr 17, 2015 at 1:20 am
      You will find some guys on linked in with current location !
      Reply
      1. S
        saurabh saurabh
        May 7, 2015 at 3:06 pm
        What about NOKIA India - thousands of Crores of tax dues were never collected by the previous Government....?
        Reply
        1. A
          Ashutosh
          Apr 15, 2015 at 10:35 pm
          Is the Income Tax Department showing public its "Bad Debts" list ???
          Reply
          1. B
            BRIJ MOHAN
            Apr 17, 2015 at 12:35 am
            GOVT WILL GET NOTHING FROM DEFAULTERS
            Reply
            1. B
              Bayasamraja
              May 2, 2015 at 3:10 pm
              Rahul is more worried about his jiju vadra saheb. Since congress led govt in Haryana was helping during the last 10 years, Vadra was minting money in real estate. Now that Govt is squeezing its snooze, this gentleman is weeping cunningly. Congress was minting money thru youngsters like Maran brothers, Jindals, Reddys in Andhara and Karnataka, and in many otherstates thro binamis. Now, Mr. Modi has plugged all the s which is making life very hard for these looters. Hence, this gentleman is weeping in support of their loss.
              Reply
              1. P
                prasad
                Apr 16, 2015 at 3:34 pm
                more than half of them from hyderabad
                Reply
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