From Lokeshwar Dev to Arjun Sonka, Income Tax dept looks to name and shame defaulters
In full-page advertisements issued in major national dailies as part of its name and shame policy on defaulters, the department advised them to pay their tax arrears immediately. The businesses of the defaulting firms as shown in the list include food processing, bullion trading, software, real estate, breweries and manufacture of ingots. The total default amount of 24 entities from cities like Ahmedabad, Guwahati, Vijaywada, Nashik, Surat, Delhi, Vadodara, Kolkata and others, is around Rs 490 crore.
The Income Tax Department on Thursday published a countrywide list of 24 defaulting individuals and companies who are currently either untraceable or have reported assets inadequate for payment of their dues. Image source: Reuters