Citizens' Issues
Income Tax department lists 18 more defaulters
Chennai : The Income Tax department has added 18 more names to its list of defaulters to be "named and shamed" for owing over Rs.1,100 crore to the exchequer.
 
The department had earlier issued two lists mentioning the names of 49 defaulters owing over Rs.2,000 crore.
 
With the new list, the total number of income tax and corporate tax defaulters has gone up to 67 and the total dues over Rs.3,100 crore.
 
In the new list, Mumbai-based late Uday M. Acharya and his legal heirs owe a whopping Rs.779.04 crore.
 
Ahmedabad-based Jashubhai Jewellers Pvt Ltd and Kalyan Jewels Pvt Ltd owe Rs.32.13 crore and Rs.16.77 crore respectively.
 
Urging the tax defaulters to pay up their dues immediately, the tax department has also requested the public to inform it about information on defaulters.
 
The other major defaulters figuring in the departments defaulters lists are Patheja Bros. Forgings and Auto Parts Mfg.Company (Rs.224.05 crore), Totem Infrastructure Ltd (Rs.401.64 crore) and Royal Fabrics Pvt Ltd (Rs.158.94 crore).
 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

TIHARwale

11 months ago

Income Tax dept is manned by corrupt and inefficient who harass the honest but ignore defaulters whose due run into crores of rupees. SC should give 3 months time to I.T to build fool proof demands are seek severe punishment to senior commissioners for raising unsustainable claims.

REPLY

Nanda Patel

In Reply to TIHARwale 11 months ago

In India this situation comes every now and then. Tax fraud, money scam anyone is happy to commit as there is only capital punishment ( you return some portion of money in settlement !)

If there is penal provision of x years of jail ( if the crime is greater the x lacs/cr)
looking at consequence/result of act, one wont committee such a fraud.

Then again its india, after 10 years Sallu gets jail free card, Sanju baba gets in/out of jail like its a foreign trip. Sahara is sitting in jail happy having commited 20000+cr scam. A Raja is having time of his life, Eventhogh population of 125+ cr we may have RAGA as pm candidate...

Foodpanda India slashes 300 jobs
Bengaluru : Online food delivery and ordering platform Foodpanda India on Wednesday said it has slashed 300 jobs owing to high automation levels achievement in operations.
 
Foodpanda India CEO Saurabh Kochhar said the company reduced its workforce by 300 people (15 percent) as it has achieved 98 percent automation in processing orders.
 
Focusing on technological innovation and automation, Foodpanda India is aiming for profits.
 
With 2,200 employees, the food ordering platform offers menus from 12,000 restaurants across 200 cities in the country.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Facebook's Free Basics services shut down in Egypt
As the debate over Free Basics and net neutrality entered an interesting phase in India, Egypt has decided to shut down Facebook's controversial free internet service, media reported on Thursday.
 
Although authorities in Egypt were yet to announce the reason behind it, telecom carrier Etisalat Egypt, Facebook's partner in Egypt, has suspended the free internet service that it began providing two months ago, tech website Engadget.com reported.
 
According to Facebook, over three million people in Egypt have signed up for Free Basics.
 
Of those three million, one million received access to the internet for the very first time.
 
Facebook, however, hopes to “resolve this situation soon”.
 
In India, full page ads in major Indian newspapers and a personal piece by Facebook CEO Mark Zuckerberg in a leading English daily defending Free Basics has taken the war over "free" or "selective" internet services for the poor and net neutrality into a new phase.
 
Academicians from India's premier institutes IITs and IISc have slammed Facebook's Free Basics initiative, terming it "flawed" and "misleading".
 
Meanwhile, the Telecom Regulatory Authority of India (TRAI) has extended the last date for receiving comments on its paper on differential data pricing, which is key to the debate on net neutrality to January 7.
 
TRAI has invited comments whether such plans should be allowed or not.
 
According to media reports, the regulator has received about 1.65 million comments, the highest ever on any paper floated by TRAI till date.
 
For those who are yet to be part of the ongoing debate, Free Basics is an app that gives users selective access to services like communication, healthcare, education, job listings and farming information -- all without data charges.
 
On the other hand, "net neutrality" means that governments and internet service providers treat all data on the internet equally and, therefore, not differentially charge users, content, platforms, sites, applications or mode of communication.
 
Facebook rechristened its free internet platform internet.org -- which it developed in conjunction with Reliance Communications Network -- as Free Basics in September.
 
According to Facebook, it has been able to offer Free Basics services to a billion people across Asia, Africa and Latin America.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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