​​​
  1. 18 tax defaulters owe Rs 500cr to exchequer; Govt releases list

18 tax defaulters owe Rs 500cr to exchequer; Govt releases list

The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

By: | Published: March 26, 2015 4:59 PM
Income tax, Revenue Department, Gujarat, Somani Cement, Blue Information Technology, Appletech Solutions, Jupiter Business, Hirak Biotech The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

Out of the 18 defaulters, 11 are Gujarat-based, including Somani Cement with tax arrears of Rs 27.47 crore; Blue Information Technology (Rs 75.11 cr); Appletech Solutions (Rs 27.07 cr); Jupiter Business Ltd (Rs 21.31 cr) and Hirak Biotech (Rs 18.54 cr), according to the list released by the Central Board of Direct Taxation.

The other Gujarat-based companies which figured in the defaulters list include Icon Bio Pharma & Healthcare Ltd (Rs 17.69 cr), Banyan & Berry Alloys (Rs 17.48 cr), Laxminarayan T Thakkar (Rs 12.49 cr), Virag Dyeing & Printing (Rs 18.57 cr), Poonam Industries (Rs 15.84 cr), Kunvar Ajay Food Pvt Ltd (Rs 15 crore).

Besides, other companies in the list include Jaipur-based Goldsukh Trade India (Rs 75.47 cr), Kolkata-based Victor Credit & Construction (Rs 13.81 cr), Mumbai-based Noble Merchandise (Rs 11.93 cr).

The list also include legal heir of Pune-based G K Dharne involving a tax default of Rs 38.31 crore.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Tags: Income Tax

Go to Top