Name And Shame List To Get Longer



Name And Shame List To Get Longer

It has been decided to 'name and shame' all category of taxpayers including personal and corporate taxpayers who have a default of over Rs 1 crore by March 31, which the end of 2016-17 financial year. All the names will be published before July 31 next year.

Already the names of 67 defaulters, owing over Rs 20 crore tax dues were published in leading newspapers. The IT department has also provided a list of such names an identities on its official web portal. The income tax department has decided to name and shame all category of taxpayers who have a default of Rs 1 crore and above, beginning this financial year.

Earlier, the name and shame exercise was restricted to people with defaults to the tune of about Rs 20 to 30 crore. But the income tax department has decided to reveal names of those who have defaulted a tax of Rs 1 crore or more. 

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