Income Tax Department - Defaulters - Name and Shame

THE Income tax department yesterday published a list of 18 names of persons and companies who are tax defaulters of more than Rs. 10 crores. The Department wants these defaulters to pay the taxes immediately. As per the list, all the defaulters are either not traceable or do not have assets. The very first name in the list is of a company, which SEBI found not traceable in 2005 - that too after investigation for five years. And this missing company owes Rs. 75 crores. Maybe the Government hopes that the company will see this information in the Department's website hidden in an obscure corner and will feel ashamed and rush to the nearest bank to pay off this Rs. 75 Crores. There is also a dead man in the list of the Department. Of course they hope to collect the tax due of Rs. 38 crores from his son.

 

List of Defaulters