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IT department publishes the second list of tax defaulters including 31 big names

The Income Tax department on Wednesday with moving ahead in its strategy of ‘naming and shaming’ disclosed a list of 31 defaulters who owe over Rs 1,500 crore to the government.

Some big defaulters of income tax/corporate tax in the list are, Hyderabad-based Totem Infrastructure (Rs 401.64 crore), Pune-based Patheja Bros Forging & Auto Parts Mfg Co (Rs 224.05 crore), Hyderabad-based Royal Fabrics (Rs 158.94 crore); and Mumbai-based Home Trade (Rs 72.18 crore).

This is the second list which is published by the department within one month. The IT department has demanded the defaulters mentioned in the list to pay the tax arrears immediately.

The Income Tax Department said that the Assessees are either not traceable or they have inadequate assets for recovery.

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