Lok Sabha Question No. 528 (UNSTARRED), answered on 2016-02-26
Subject: Recovery of Pending Dues by IT Department
Ministry: FINANCE
Asked by: RAJENDRA AGRAWAL

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA

## UNSTARRED QUESTION No.528

## TO BE ANSWERED ON FRIDAY, THE 26 TH FEBRUARY, 2016 PHALGUNA 7, 1937 (SAKA)

## Recovery of Pending Dues by IT Department

## 528  :  SHRI RAJENDRA AGRAWAL

Will the Minister of FINANCE be pleased to state:

- (a) Whether the Income Tax Department has published the names of 18 entities who owe over Rs.500 crore tax to the Government and if so, the details thereof:
- (b) The steps  taken  by  the  Government  to  recover  the  pending  dues  from  these entities:
- (c) The quantum of pending income tax due to be recovered by the Government;
- (d) Whether  there  is any  proposal  to publish the  names  all such  persons, companies etc. which owe more than Rs.1 crore income tax to the government; and
- (e) If so, the details thereof and if not, the reason thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE: (SHRI JAYANT SINHA)

- (a) A list of Income tax defaulters who are untraceable or have no or inadequate assets has been published in newspapers and on official website by the Income tax Department in December 2015.  The list of names is enclosed.
- (b) All steps mandated under law have been initiated to recover the pending dues from these entities.
- (c) The  quantum  of  outstanding  dues  against  the  said  18  entities  is  Rs.1,152.52 crore.

(d ) & (e)   A proposal to publish names of person with irrecoverable arrears  of more that    Rs.1crore  is  under  consideration  as  against  the  present,  limit  of  Rs.5 crores.

## List of defaulters whose names were published in December, 2015

| Sl. No.             | NAME                                                                                                           | AMOUNT OF TAX ARREAR (Rs. In crore)   |
|---------------------|----------------------------------------------------------------------------------------------------------------|---------------------------------------|
| 1 JAG HEET EXPORTS  | PVT. LTD. 18.45                                                                                                |                                       |
| 2                   | 32.13                                                                                                          |                                       |
| 3                   | JEWELLERS PVT. LTD. FARMS PVT. LTD.                                                                            | JASHUBHAI JHANVI AGRO 12.67           |
| 4 KALYAN JEWELS     | PVT. LTD. 16.77                                                                                                |                                       |
| LIVERPOOL           | RETAIL INDIA 32.16                                                                                             | 5 LIMITED.                            |
| SAKSHI EXPORTS      | 26.76                                                                                                          | 6                                     |
| 7 DHARNENDRA        | OVERSEAS LTD. 19.87                                                                                            |                                       |
| 8 PRAFUL M. AKHANI  | 29.11                                                                                                          |                                       |
| 9 SMT BIMLA         | GUPTA 13.96                                                                                                    |                                       |
| 10 NEXXOFT INFOTEL  | LTD 68.21                                                                                                      |                                       |
| 11 GARIMA MACHINERY | PVT. LTD. 6.98                                                                                                 |                                       |
| 12 GREAT METALS     | PRODUCTS 13.01                                                                                                 | PVT. LTD.                             |
| 13 BHAVANA UDAY     | ACHARYA 12.97                                                                                                  |                                       |
| 14 DHIREN ANANTRAI  | MODI 10.33                                                                                                     |                                       |
| 15 C SHAH           | 22.51                                                                                                          | HEMANG                                |
| 16 MOHD. HAJI       | ALIAS YUSUF                                                                                                    | 22.34                                 |
| 17                  | MOTORWALA UDAY M. ACHARYA (LATE) Legal Heirs:- 1.) Shri Amul Acharya (Son) and 2.) Mrs. Bhavana Acharya( wife) | 779.04                                |
| 18                  | VENUS REMEDIES PVT. LTD.                                                                                       | 15.25                                 |
|                     | Total                                                                                                          | 1,152.52                              |