IT publicly names defaulters owing Rs 490 crore taxes

New Delhi, Mar 29: The Income-Tax Department today released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues.The department issued an advertisement as part of its name and shame defaulters policy in leading national dailies titled ‘List of defaulters of Income Tax and Corporate Tax’.