In the third list of 18 income tax defaulters published on Wednesday, as part of the "name and shame" policy adopted by the Income Tax (I-T) Department last year, a deceased Mumbai-based assessee has been shown to owe Rs 779 crore to the department.
Uday M Acharya and his legal heirs Amul Acharya and Bhavana Acharya owe the largest sum in the list of defaulters who collectively owe Rs 1,100 crore to the government over several assessment years, and are either untraceable or unable to pay.
The assessment covers a period from 1989-90 to 2013-14. Many of these defaulters had declared bullion trading as their last source of income.
"The total tax default by these 18 defaulters under the personal income tax and corporate tax category is Rs 1,152.52 crore. This is the third list put in public domain by the I-T Department," a senior official said.
Other defaulters include Ahmedabad-based Jag Heet Exporters Pvt Ltd (Rs 18.45 crore), Jashubhai Jewellers (Rs 32.13 crore), Kalyan Jewels Pvt Ltd (Rs 16.77 crore), Liverpool Retail India Limited (Rs 32.16 crore), Dharnendra Overseas Ltd (Rs 19.87 crore) and Praful M Akhani (Rs 29.11 crore).
Hyderabad-based Nexxoft Infotel Ltd owes Rs 68.21 crore while Bhopal-based Great Metals Products Pvt Ltd owes Rs 13.01 crore in tax arrears and unpaid taxes, said the notice.
Other defaulters on the list include Surat-based Sakshi Exports (Rs 26.76 crore), Bimla Gupta of Karol Bagh in Delhi (Rs 13.96 crore), Bhopal-based Garima Machinery Pvt Ltd (Rs 6.98 crore), Mumbai-based Dhiren Anantrai Modi (Rs 10.33 crore), Hemang C Shah (Rs 22.51 crore), Mohd Haji alias Yusuf Motorwala (Rs 22.34 crore) and Chandigarh-based Venus Remedies Pvt Ltd (Rs 15.25 crore).
The previous two lists issued by the department had names of 49 such defaulters who owed Rs 2,000 crore, reports PTI.
