I-T dept asks defaulters to clear tax dues by March 31 or face penal action

by Paul Joseph on March 14, 2013 · 0 comments

The finance ministry’s revenue department has asked all the tax defaulters to immediately pay the due taxes before the end of this month, March 31, or face penal action. A statement released by the finance ministry said that there were a total of 73,388 self-assessment tax defaulters, who owed Rs 3,859 crore to the tax department. The statement added that taxpayers who would file a return without paying the admitted sum of payable tax would be considered as an assessee in default under the provisions of the I-T Act. read more

[via Stock Watch – Stock Specific News]

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