Defaulters Data
Govt says 47,674 direct tax defaulters untraceable, INR 5.91 tln involved
This story was originally published at 14:11 IST on 25 March 2025
Register to read our real-time news.Informist, Tuesday, Mar. 25, 2025
NEW DELHI – The government has declared 47,674 direct tax defaulters as "untraceable" as of Jan. 31 with tax amount involving nearly INR 5.91 trillion, Minister of State for Finance Pankaj Chaudhary said in a written response to the Rajya Sabha on Tuesday.
On the indirect tax front, the government declared 60,853 assesses as "untraceable" defaulters, involving tax amount of INR 435.25 billion. Chaudhary, however, did not specify the date since when the finance ministry has declared these assessees untraceable.
In his response, Chaudhary also listed host of measures undertaken by the ministry to recover dues from tax defaulters, including--for direct taxes--making available database like Individual Transaction Statement and 360-degree profile generated by the department and those maintained by other agencies like FIU-IND to the field units for identification of assets for recovery.
On the indirect tax side, he said the government was involving local authorities as well as central agencies to identify investment patterns of defaulters to determine their liabilities and actual incomes. End
Reported by Priyasmita Dutta
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
