ALSO READCriminal prosecution higher than expected, says Income Tax Department Budget makes tax compliance easy for small tax payers Centre introduces Income Tax Laws (Second Amendment) Bill in Lok Sabha 1 taxpayer owes 11% of India's individual income tax in 2014-15 (Special to IANS) Income Tax dept sends 13 lakh messages under 'Operation Clean Money'
However, most of these assessees remain untraceable.
"Defaulters are advised to pay tax arrears immediately," said the full page advertisements in national dailies listing out all the 29 defaulters with their names, PAN details and last known addresses.
The pending tax arrears range from Rs one crore to over Rs 257 crore.
An individual assessee Irfan Ahmed, who has Rs 257.44 crore tax liability pending, is not traceable with his date of birth, father's name, PAN details and source of income, missing from the records.
Among corporates, Kolkata-based Pushpadant Commotrade, in the business of share capital owes Rs 31.58 crore tax.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)