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IT dept makes public 31 tax defaulters

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 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 IT Department said the assessees 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.

The initiative, according to a senior tax official is aimed at publicising 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.
Agencies

Agencies

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