12 persons account for 90% of total income tax dues
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12 persons account for 90% of total income tax dues

Last Updated: Tuesday, March 13, 2012, 19:42
 
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12 persons account for 90% of total income tax dues
New Delhi: The Finance Ministry Tuesday said income tax dues from 12 individuals, including stud-farm owner Hasan Ali Khan, account for 90 percent of the total income tax outstanding.

"The amount of outstanding income tax dues is a dynamic figure. As on September 30, 2010, about 90 percent of the outstanding personal income-tax demands were due from 12 individual taxpayers," Minister of State for Finance S S Palanimanickam said in a written reply to the Rajya Sabha.

Outstanding demands in Hasan Ali group of cases are disputed at various appellate levels, Palanimanickam said, adding that known movable/immovable assets have been identified for recovery.

"The recovery of taxes is a continuous process and all efforts are being made by income-tax authorities for recovering these outstanding tax demands," he added.

"A multi-disciplinary team has been constituted by the Department of Revenue. Proposals...for recovering the tax in pursuance of agreements with foreign countries have been initiated," Palanimanickam said.

PTI


First Published: Tuesday, March 13, 2012, 19:42


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