Income Tax Department is preparing to publish names of defaulters who have hundreds of thousands of tax claims pending against them. Are non-compliant manufacturers, exporters, businessmen and stockbrokers. They were labeled as’ chronic defaulters, “because even a strenuous attempt to recover tax arrears of them have produced anything.
Gujarat IT collects data about 80 such individuals and companies. The Central Board of Direct Taxes (CBDT) had in June announced the establishment of the Committee of Union Ministry of Finance to recover tax arrears, which exceeded Rs 2.50 lakh crore. It ‘s almost 50% of the total collection of direct taxes, 2011-12.
CBDT had been sent to Gujarat in the list of chronic defaulters include estimates are not traceable, or for those who do not have the funds to clear their dues. For example, the official said, IT, Gujarat is a list of Vishal Export Overseas Limited, which is to be paid Rs 76 crore tax arrears, but the company has returned to the crores of bank loans and not active.
Service of income taxes is trying to collect taxes through the asset information in the defaulting – available to finance intelligence unit – and the digitization of the details of annual information report. The list of defaulters is the active data. Once all details are collected, send IT managers full profile failed the committee that will consider hiring outside agencies to locate people valued non-traceable or their assets. Unknown or undisclosed assets held by individuals will also be evaluated surveyed.
“Once the consolidated list is declared delinquent names can be published and uploaded to the website of the Income Tax Department,” said an official of higher income taxes. “The CBDT can also announce reward for those who provide essential information on these deadbeats.”

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