I-T dept will “Name and Shame” the habitual tax defaulters
The habitual ‘Tax Defaulters’ are going to get a lot of publicity soon. All thanks to the Income Tax department, who has decided to publish the particulars of ‘chronic’ tax defaulters.
The list will include defaulters who either have a huge outstanding tax against their name and are absconding / failed to reply back repeatedly to IT department notice / habitual evaders / defaulters whose assets are not identifiable. Such names will be published on the IT department website once the procedure and process of finalizing the defaulters and such cases is identified.
The department has noticed that while its public campaign asking taxpayers to pay their dues has had a positive result, yet there are select cases of ‘chronic’ and ‘persistent’ defaulters who needs to be put in public domain so as to obtain some information / leads in these cases.
The department ‘may’ upload on its website such cases on the lines of the ‘Wanted’ list uploaded by other agencies like police and CBI. And those providing leads may get rewarded if IT department is able to recover any dues from the defaulter. On a later stage defaulters names may even get publish in print media.
The target of cash collection for the I-T arrears demands during the FY 2012-13 was fixed at Rs 41,115 crores. Out of this, a cash collection of Rs 13,432 crores has been achieved. Total collection of arrears for FY 2011-2012 has reached up to Rs 22,882 crores.