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Indian tax publicizes defaulter names to seek help from public

byCustoms Today Report
02/04/2015
in Uncategorized
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NEW DELHI: Indian Income Tax department took to the strategy of ‘naming and shaming’ of some large tax defaulters as it published names of 18 entities who owe over Rs 500 crore tax to the exchequer.

“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. The step is to enhance public awareness against these entities who are acting against law. These names were earlier put up on the department’s website,” a senior I-T officer said.

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The names of the tax defaulters and the data was quoted to have been published by the Principal Chief Commissioner of Income Tax (Administration) based in the national capital here.

Adopting an aggressive approach, government had for the first time gone public with names of 18 tax defaulters, including Goldsukh Trade and Somani Cements which, according to I-T, have turned wilful defaulters.

In a bid to force these entities to pay their dues, the Central Board of Direct Taxes (CBDT) had asked the I-T department to post a list on their website carrying the names of 18 defaulters, of whom 11 are based in Gujarat.

“Defaulters are advised to pay tax arrears immediately,” said the notice.

“This is the first time the department has put in public domain a list of those wilful tax defaulters who have a tax liability of Rs 10 crore and above,” a senior tax official had said, adding that in many cases the assesses were not “traceable”.

Tags: Indian Income Tax Departmentpublished names of 18 entitiesRs 500 crore tax‘naming and shaming’

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