Times of India: New Delhi:
Saturday, February 01, 2014.
Life
Insurance Corporation of India, the largest insurer in the country, has over Rs
7,000 crore in tax demand pending against it, making it the biggest tax
defaulter in the country. Among other defaulters are Aditya Birla Telecom
Limited, Vodafone Infrastructure and Bharat Petroleum Corporation Limited, data
given by the income tax department under RTI showed.
The list of
top 10 pending tax demands in each category was given to activist Subhash
Agrawal in response to his RTI application seeking the list of top tax defaulters.
The tax
demand raised by the department against LIC is of the assessment year 2010
which is pending "as on date", the response furnished on January 27,
2014 said.
In companies
category, the top slot was given to LIC which also had the biggest pending tax demand
in all the other categories, according to the RTI reply. The tax demand against
LIC was Rs 7,027 crore which was followed by Rs 2,372 crore against Aditya
Birla Telecom Limited, Rs 2,038 crore against Vodafone Infrastructure Limited,
Rs 1,517 crore against Idea Cellular and Rs 1,494 crore against Bharat
Petroleum Corporation Limited.
Other
companies with pending tax demand include Nerka Chemicals Private Limited with
Rs 1,354 crore, Tamil Nadu State Marketing Corporation with Rs 1,234 crore,
Andhra Pradesh Beverages Corporation Limited with Rs 1,228 crore, HDFC Bank
Limited with Rs 1,051 crore and Indian Oil Corporation with Rs 874 crore.
In the
individual category, those with pending tax demand included Sanjay Singal (Rs
280 crore), followed by Sukesh Gupta with Rs 155 crore and former Jharkhand CM
Madhu Koda with Rs 103 crore.
"This is
to state that this office is only having a list of wherein demand is pending as
on date... Now how many or which of the demand comes or not comes under a
particular section wherein the assessee is deemed to be in defaulter, such
linking is neither available nor possible to be collated by this office,"
additional director income tax Ashish Abrol said in the RTI response.
The 'trust'
category is led by Mumbai Metropolitan Region Development Authority with
pending tax demand of Rs 654 crore followed by Jamsetji Tata Trust with Rs 290
crore, Board of Control for Cricket in India with Rs 167 crore, Credit
Guarantee Fund Trust for Micro and Small Enterprises with Rs 162 crore, NEIA
Trust with Rs Rs 83 crore crore, Uttar Pradesh Forest Corporation with Rs 51
crore and Divya Yog Mandir Trust with Rs 41 crore among others.
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