Action against tax defaulters whose names made public by IT:FM

Image
Press Trust of India New Delhi
Last Updated : Jun 22 2016 | 6:42 PM IST
Finance Minister Arun Jaitley today said the I-T department would take penal actions only against those wilful defaulters whose names have been made public by the tax authorities.
"The names of the wilful tax defaulters have been published by I-T department. There are about 63 names, subject to verification. These include persons who are not traceable. Action will be taken against them," he told reporters.
The Minister further said that it would be wrong to club the names of wilful defaulters with those against whom the tax department has disputes.
The Income-Tax department regularly comes out with list of tax defaulters with a view to 'naming and shaming' them.
The list, which is posted on the website of the tax department, includes 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.
Referring to yesterday's reports that officials would go after tax defaulters using the provisions of arrest, detention and auctioning of attached assets, "totally wrong".
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 22 2016 | 6:42 PM IST

Next Story