Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: TDS :: form 3cd :: VAT Audit :: empanelment :: ACCOUNTING STANDARD
 
 
« General »
 Tax breather for foreign investors: All you need to know
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week
 Tax rate hikes boost shadow economy
 Tax mop-up may decline in new amnesty scheme
 Weeks before Budget, Finance Minister Arun Jaitley lists out benefit of low tax rates
 Second home loan tax benefits

Income Tax department publishes list of big tax defaulters in newspapers
April, 28th 2015

As part of its strategy of 'naming and shaming' big defaulters, the Income Tax department today published names of 31 tax evaders who owe over Rs 1,500 crore tax to the government.

The names, last known addresses and vital financial details of these entities were published in newspapers here as the department mentioned that either these assessees were "not traceable" to it or the taxman found "inadequate assets" in the name of these defaulters to obtain the due taxes from them.

"The step is aimed to publicise and put these names in public domain so that the common man can come forward to help the department in knowing the whereabouts of these defaulters. The step is to enhance public awareness against these entities who are acting against law. These names were earlier were put up on the department's website earlier," a senior I-T officer said.

The department published the names of the 31 defaulters under the seal of the Principal Chief Commissioner of Income Tax (Administration) based in the national capital here.

Adopting an aggressive approach, the government for the first time had earlier gone public with names of a set of 18 tax defaulters who owe Rs 500 crore to the I-T department and have since turned wilful defaulters.

Some of the names published today under the income tax/corporate tax defaulters 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).

The I-T appealed these entities to pay their tax arrears "immediately."

"This is the second list that the tax department has put in public domain.The department, in the public notice, has provided the PAN number and the last known address of these defaulters for the public to know," the official added.

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.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions