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Hyderabad Co among 18 tax defaulters
Stepping up its \'name and shame\' campaign, the Income Tax department on Wednesday made public a third list of 18 tax defaulters, including Hyderabad based Nexxoft Infotel Ltd, the company owes Rs 68.21 crore in default.
New Delhi: Stepping up its 'name and shame' campaign, the Income Tax department on Wednesday made public a third list of 18 tax defaulters, including Hyderabad based Nexxoft Infotel Ltd, the company owes Rs 68.21 crore in default.
The total tax dues defaulted by these people including gold and diamond traders is around Rs 1,150 crore. The period of assessment of these defaulters range from 1989-90 to 2013-14. Most of these defaulters have either gone untraceable or have inadequate assets to pay tax. The department has so far released three lists during the year with names of defaulters numbering 49, with a tax liability of over Rs 2,000 crore.
The list has been compiled by the department and issued by the Finance Ministry carrying names of the defaulting individuals or entities, their last known addresses, PAN numbers, amount of arrears, last known source of income and the assessment years for which they have not paid their due taxes.
For instance, about Rs 779.04 crore default of income/corporate tax has been reflected in the name of one Mumbai-based Uday M Acharya (late) and his legal heirs Amul Acharya and Bhavana Acharya. The department, in the notice, has asked these "defaulters" to pay their tax arrears "immediately" and at the same time asked public to inform it if they have any knowledge of these people.
Others figuring in the latest list include Ahmedabad based Jag Heet Exporters Pvt Ltd (Rs 18.45 crore), Jashubhai Jewellers (Rs 32.13 crore), Kalyan Jewels Pvt Ltd (Rs 16.77 crore), Liverpool Retail India Limited (Rs 32.16 crore), Dharnendra Overseas Ltd (Rs 19.87 crore) and Praful M Akhani (Rs 29.11 crore). Bhopal-based Great Metals Products Pvt Ltd owe Rs 13.01 to the IT department in arrears and as unpaid taxes, the notice said.
The department has also mentioned, against the name of each defaulter, the regional IT authority to whom any information can be given by the public about these defaulters. Other defaulters featuring on the list include Surat-based Sakshi Exports (Rs 26.76 crore), Smt Bimla Gupta of Karol Bagh in Delhi (Rs 13.96 crore), Bhopal-based Garima Machinery Pvt Ltd (Rs 6.98 crore), Mumbai-based Dhiren Anantrai Modi (Rs 10.33 crore), Hemang C Shah (Rs 22.51 crore), Mohd Haji alias Yusuf Motorwala (Rs 22.34 crore) and Chandigarh located Venus Remedies Pvt Ltd (Rs 15.25 crore).
"The entries in the list are specific to the tax arrear/assessment year mentioned. The tax defaulter's address, business, shareholding and management may have changed," the notice said.
