Income Tax Department plans to make names of habitual tax defaulters public

Tax defaulters beware. The income tax department is considering publishing the names of habitual tax defaulters with large tax demand spending.

According to official sources, the department is planning to compile a list of all cases,where there is a tax demand of over Rs 1 crore with no pending appeals. The information, along with names of the defaulters,will then be published in newspapers or other media. The defaulters will include both individual as well as corporate assesses. While the proposal is yet to get approved,the Central Board of Direct Taxes (CBDT) is confident of its likely utility .

"Once their names are out in public domain, we expect most of these defaulters to pay their arrears simply out of shame.

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