12 men owe 90% of total income tax dues

Out of these 12,stud-farm owner Hasan Ali Khan is a major name.

Written by Agencies | New Delhi | Published: March 13, 2012 5:36:29 pm

The finance ministry today said income tax dues from 12 individuals,including stud-farm owner Hasan Ali Khan,account for 90 per cent of the total income tax outstanding.

“The amount of outstanding income tax dues is a dynamic figure. As on September 30,2010,about 90 per cent of the outstanding personal income-tax demand were due from 12 individual taxpayers,” Minister of State for Finance S S Palanimanickam said in a written reply to the Rajya Sabha.

Outstanding demands in Hasan Ali group of cases are disputed at various appellate levels,Palanimanickam said,adding that known movable/immovable assets have been identified for recovery.

“The recovery of taxes is a continuous process and all efforts are being made by income-tax authorities for recovering these outstanding tax demands,” he added.

“A multi-disciplinary team has been constituted by the Department of Revenue. Proposals…for recovering the tax in pursuance of agreements with foreign countries have been initiated,” Palanimanickam said.

For all the latest News Archive News, download Indian Express App

Share your thoughts
Advertisement
Advertisement
Advertisement
Adda
Advertisement
Advertisement