Names of chronic income tax defaulters would be made public as part of government’s crackdown on tax evasion and black money. Finance Minister Pranab Mukherjee disclosed Sunday that the government was working on a number of strategic initiatives to curb generation of black money and for its detection, including the feasibility and methodology of putting the names of chronic tax defaulters in public domain.

The minister, who unveiled the steps taken by the government to deal with black money and corruption, hit out at BJP and other political parties for attacking the UPA on its track record.

He said the BJP, which was in power for six years at the Centre, and CPI, whose late Indirajit Gupta was Home Minister for over one-and-a-half years, had done precious little to deal with corruption and black money.

Mukherjee said that details of assets and payments received by Indian citizens in several countries have “started flowing in” and were being investigated.

Information about wealth stashed away in Swiss banks by Indians was expected before year-end, he said, pointing out that New Delhi has signed a Double Taxation Avoidance Treaty withy Berne.

It was likely to be ratified by the Swiss Parliament by September and information about tax avoidance should be available thereafter.

Information on assets and payments received by Indian citizens was under different stages of processing, he said.

On various estimates of Indian money stashed away abroad, including the figure of USD 468 billion, Mukherjee said, “This is just playing to the gallery.”


More Under Income Tax


  1. hk verma says:

    Department should accept online rectification application for all assessment years wherever TDS claim is denied due to ‘mismatch’. Deductors should be followed up in all such cases in a time bound manner. If need be, extra manpower may be deployed on contractual basis. All existing vacancies should be filled up immediately by emergency recruitment/promotion immediately.

  2. Sanjeevkumar Kabra says:

    Names of income tax defaulters would be made public and black money. The steps going to be taken are good. In addition to this the Finance Minister shall also take the steps to publish the names of the govt officers who are doing wrong additions, not considering the applications u/s. 154, doing calculations in determining the income of tax payaers for which the tax payers have become defaulter. The government shall publish the number of cases with nemes who are disputing the levy of taxes by way of applications u/s. 154 or appeals filed before CIT ( A ) or ITAT or Hicgh Courts.

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

June 2021