Income Tax Department to name all category of taxpayers who have a default of Rs. one crore and above in this finanical year 2016-17

The Income Tax department, beginning this financial year, has decided to ‘name and shame’ all category of taxpayers who have a default of Rs. one crore and above. 

The department has begun publishing the names of tax defaulters in leading national dailies since last year and has named 67 such defaulters till now with their addresses, contacts, PAN card number and shareholders in case of companies. 

The earlier exercise was restricted to people with huge defaults to the tune of about Rs. 20-30 crore