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| SBI, Tata Motors, Sahara figure in tax defaulters list |
| Press Trust of India / New Delhi Aug 04, 2009, 19:03 IST |
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Country's largest state-owned bank State Bank of India (SBI), automobile giant Tata Motors and oil major Indian Oil Corporation (IOC), besides Sahara India and its promoter Subroto Roy figure in the list of top 100 tax defaulters in the country.
Disclosing the list of defaulters in the Rajya Sabha today, the Minister of State for Finance S S Palanimanickam said in a written reply that top 100 tax defaulters owe to the exchequer whopping Rs 1.41 lakh crore -- more than three times the amount the government spends on NREGA scheme annually to provide employment to BPL families.
The Centre is taking various steps to recover the outstanding dues, the minister said, adding that the government has requested the adjudicating authorities like ITAT and Settlement Commission "to dispose of high demand cases expeditiously".
As per the list, disgraced stud farm owner Hassan Ali Khan tops the list of tax defaulters with an outstanding arrear of more than Rs 50,000 crore.
The list of tax defaulters also includes stock broker late Harshad Mehta and his associates and other brokers like A D Narrotam and Hiten Dalal.
While the SBI owes Rs 333.6 crore in taxes, Tata Motors and Indian Oil Corporation have to pay Rs 206.5 crore and Rs 210.3 crore to the treasury.
As regards Sahara, many of its group companies figure in the list of defaulters, while its promoter Roy owes Rs 230 crore to the exchequer.
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