Rs 1,150 crore due from 18 defaulters: Income Tax Department

Stepping up its ‘name and shame’ campaign, the Income Tax department on Wednesday made public a third list of 18 tax defaulters including gold and diamond traders whose dues totalled around Rs 1,150 crore. 

The IT department’s public notice containing the names of the 18 defaulters who have either gone untraceable or have inadequate assets to pay is the third such list this year after names of 49 defaulters with a tax liability of over Rs 2,000 crore were earlier released in two instalments. 

The list has been compiled by the department and issued by the Finance Ministry in leading national newspapers carrying 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. 

A whopping Rs 779.04 crore default of income/corporate tax has been reflected in the name of one Mumbai-based Uday M Acharya (late) and his legal heirs Amul Acharya and Bhavana Acharya. Others figuring in the latest list include Ahmedabad based Jag Heet Exporters Pvt Ltd (Rs 18.45 crore), Jashubhai Jewellers (Rs 32.13 crore), Kalyan Jewels Pvt Ltd (Rs 16.77 crore), Liverpool Retail India Limited (Rs 32.16 crore), Dharnendra 

Overseas Ltd (Rs 19.87 crore) and Praful M Akhani (Rs 29.11 crore). Hyderabad based Nexxoft Infotel Ltd owes Rs 68.21 crore in default while Bhopal-based Great Metals Products Pvt Ltd owe Rs 13.01 to the IT department in arrears and as unpaid taxes, the notice said.  

The department has also mentioned, against the name of each defaulter, the regional IT authority to whom any information can be given by the public about these defaulters. 

Other defaulters featuring on the list include Surat-based Sakshi Exports (Rs 26.76 crore), Smt Bimla Gupta of Karol Bagh in Delhi (Rs 13.96 crore), Bhopal-based Garima Machinery Pvt Ltd (Rs 6.98 crore), Mumbai-based Dhiren Anantrai Modi (Rs 10.33 crore), Hemang C Shah (Rs 22.51 crore), Mohd Haji alias Yusuf Motorwala (Rs 22.34 crore) and Chandigarh located Venus Remedies Pvt Ltd (Rs 15.25 crore). The period of assessment of these defaulters range from 1989-90 to 2013-14.