Taxhounds readying data bank to chase defaulters

Last updated: 01 June 2007

PAY your taxes honestly and in time. The income-tax department is now going whole hog after recovery of tax arrears. As a part of this exercise, the Central Board of Direct Taxes is creating a data bank of those assessees who have defaulted on payment of tax to the government and owe huge sums in arrears. The board has shot off letters to field formations asking them to prepare lists of such assessees, a government source said. With data on tax defaulters available at a click of mouse, the
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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