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ITD publishes list of 24 defaulters under 'Name and Shame policy'

3/30/2018

New Delhi, The Income-Tax Department on Thursday published a list of 24 defaulting individuals and companies who are either untraceable or have reported inadequate assets for payment of dues. They owe about Rs 490 crore in taxes. According to an advertisement published in leading newspaper issued by Income Tax Department, these individuals or companies are/were in the business sectors like food processing, bullion trading, software, real estate, breweries and manufacture of ingots etc. The advertisement has been issued by the Income Tax Department as part of its name and shame defaulters policy. In the advertisement most of the details such as the identity of the firm or the individual, the name of their directors and partners, the date of incorporation of the company (date of birth in case of individuals), their Permanent Account Number (PAN) or the Tax Deduction Account Number (TAN), their last known address and business profile, the amount of tax defaulted, assessment year and the respective jurisdictional I-T authority has been published.

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