Income Tax department publishes names of 18 more defaulters owing over Rs 1,100 crore

Income Tax department publishes names of 18 more defaulters owing over Rs 1,100 crore

The Income tax 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.

35,000 tax notices on way; FM asks defaulters to clear dues

The action of the tax authorities come on top of notices sent to 70,000 assessees recently for recovery of tax dues to shore up revenues which it is feared may fall short of the budget estimates in the current financial year.