CBDT publishes names of Defaulters owing over Rs. 10 cr in Taxes

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As part of its strategy to name and shame big defaulters, the Income Tax Department today published a list including five entities owing over Rs. 10 crores in taxes.

In an advertisement issued in leading national dailies, the department brought out the list of defaulters of income tax and corporate tax even as it advised them to pay their “tax arrears immediately.”

The CBDT the policy-making body of the tax department has begun this exercise of naming and shaming I-T defaulters over the last few years and had named at least 96 such entities that had huge tax liabilities on them and have either gone non-traceable or have shown no assets for recovery. The list recently published contains names of five Delhi based defaulters.

“The entries in the list are specific to the tax arrears and assessment year mentioned. The tax defaulter’s address, business, shareholding, and management may have changed,” stated the notice issued by the Principal Chief Commissioner of Income Tax (New Delhi). As per the notice, the total arrears due to these defaulters come to Rs. 10.27 crore.

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