The tax department is looking at expanding the scope of naming and shaming of defaulters by sharing detailed data with banks, financial institutions and credit rating agencies, among others.
The move is being mulled as part of a broader strategy aimed at arrears recovery and litigation management.In the absence of tax amnesty or income disclosure schemes, which provided a buffer to the government last year, the Centre might have to rely on arrears recovery to meet tax collection target this fiscal year.
A committee has been constituted to recommend measures for expeditious recovery of tax arrears, currently at more than Rs 10 lakh crore. The report would be submitted to the chairman of Central Board of Direct Taxes (CBDT) by July 15.
via Modi govt to sharpen plan for naming & shaming tax defaulters | Business Standard News
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