Monday, August 10, 2009

SBI, Tata Motors, Sahara figure in top 100 tax defaulters list


NEW DELHI: Country's largest state-owned bank SBI, automobile giant Tata Motors and oil major Indian Oil Corporation, besides Sahara India and its promoter Subroto Roy figure in the list of top 100 tax defaulters in the country.

Disclosing the list of defaulters in the Rajya Sabha today, the Minister of State for Finance S S Palanimanickam said in a written reply that top 100 tax defaulters owe to the exchequer whopping Rs 1.41 lakh crore -- more than three times the amount the government spends on NREGA scheme annually to provide employment to BPL families.

The Centre is taking various steps to recover the outstanding dues, the minister said, adding that the government has requested the adjudicating authorities like ITAT and Settlement Commission "to dispose of high demand cases expeditiously."

As per the list, disgraced stud farm owner Hassan Ali Khan tops the list of tax defaulters with an outstanding arrear of more than Rs 50,000 crore.

The list of tax defaulters also includes stock broker late Harshad Mehta and his associates and other brokers like A D Narrotam and Hiten Dalal.

Source: http://economictimes.indiatimes.com

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