Income Tax Department has ultimately provided lists of top ten tax-defaulters for each of the categories for last two years subsequent to a CIC-verdict. Surprisingly many companies and others under direct control/ownership of central and state governments figure in the list of prominent tax-defaulters with Life Insurance Corporation of India (LIC) topping the list with tax-default of more than 70 billion rupees (Rs 70270858414).
companies of Central government, it is like money paid as tax going
from one pocket of the government to the other. So, there should be a
perfect tax-discipline in respect of tax-payments by the
of the top ten tax-defaulters reveal tax-defaults in ten/eleven
digits by many individuals/companies/firms/societies/HUFs etc. Since
list sought and provided is just of ten top defaulters in each
category, there are certainly other big tax-defaulters.
Board of Direct Taxes (CBDT) should launch a crash programme for
tax-recovery from such big tax-defaulters most of whom are super-rich
in themselves. For a fiscal discipline, CBDT should put lists of
tax-defaulters with rupees one crore or more in tax-default on their
website which should be updated every three months with
responsibility fixed on concerned tax and recovery officers to reduce
tax-defaults in every quarterly updated lists of tax-defaulters.
having obtained stay-orders from the courts should be star-marked for
easy distinction. Funds which should be for development-projects,
must not be allowed to be utilized by tax-defaulters with a nominal
interest-rate charged under Income Tax Act.