-AndrewYule.jpg "Andrew Yule")
Scams, black money and now tax arrears of Rs 1.96 lakh cr!
And 84 percent of cannot be realised either: CAG
PTI | New Delhi | December 16 2011
In a startling revelation, official auditor CAG today said the government has a huge tax demand of Rs 1.96 lakh crore, of which 84 per cent cannot be realised due to various reasons like death, insolvency and liquidation of company.
"Out of Rs 1.96 lakh crore, the arrear demand reported by DIT (Department of Income Tax) Recovery, a major portion, i.e, 84.3 per cent amounting to Rs 1.65 lakh crore was categorised as unrealisable demand by the Department," said the report tabled in Parliament.
According to a report of the Comptroller and Auditor General (CAG) of India, even the huge tax arrears pending against Pune-based stud farm owner Hassan Ali Khan, his associate Chandrika Tapuriah, and late stock broker Harshad Mehta cannot be realised.
The three account for about 75 per cent of the total tax demands of Rs 1.16 lakh crore pending against individuals.
"Hassan Ali Khan (Rs 50,345.73 crore), Chandrika Tapuriah (Rs 20,540.83 crore) and Harshad Mehta (Rs 15,944.38 crore) accounted for 74.57 per cent of the total tax demands pending against individuals," the CAG report said.
It pointed out that 12 individuals account for 90 per cent of the pending tax demand of Rs 1.16 lakh crore in individual cases. Of these, Hassan Ali account for 43 per cent.
The report further said that Rs 65,816.58 crore of tax arrears is pending against corporate assessees.
In case of corporates, 28 companies account for 37 per cent of the total tax arrears.
Had you given the complete list, it would have been appreciable. Are the Govt. and the bureacrats not accountable?
Google "Communal Award".
90% of corrupt money is with the Forward caste leeches.
Tell them to take their merit and their caste share of land FC(5-15%), BC(50%), SC/ST/MC(35-45%) from India build their own nation.
(2011)
Black Money in Swiss banks = $1.4 trillion (FC)
Goa mining scam = $700 million (FC)
Noida Corporation farm land scandal = $40 million (SC)
Bellary mines scandal = $3.2 billion (FC)
BL Kashyap EPFO Scam = $118 million (FC)
Hasan Ali Khan = $8 billion (MC)
ISRO-Devas = $300 million (FC)
Cash-for-votes = $715,000 (FC)
(2010)
2G spectrum scam/Radia Tapes = $6.9 billion (BC)
Adarsh Housing Society (FC)
Commonwealth Games = $15.5 billion (FC)
LIC Housing Loan scam = $200 million (FC)
Belekeri port = $12 billion (FC)
Lavasa = $80 million (FC)
Uttar Pradesh Food Grain = $44 billion (BC)
APIIIC = $2 billion (FC)
IPL Cricket = $8 billion (FC)
(2009)
Madhu Koda = $800 million (SC)
UIDAI = $1 billion (FC)
Vasundhara Raje land scam = $4.4 billion (FC)
(2008)
Satyam = $1 billion (FC)
(2006)
Scorpene Deal = $10 million (FC)
(2005)
Oil-for-food programme (Natwar Singh) = $10 billion (FC)
(2004)
Gegong Apang PDS = $200 million (ST)
(2003)
Taj corridor = $44 million (SC)
(2002)
Kargil Coffin (MC)
(2001)
Ketan Parekh = $200 million (FC)
Barak Missile = $200 million (FC)
Calcutta Stock Exchange = $2 million (FC)
(1997)
Cobbler scam = $214 million (FC)
Sukh Ram = $5 million (FC)
SNC Lavalin = $10 million (FC)
Advani Hawala = $18 million (FC)
(1996)
Bihar fodder = $211 million (BC)
C R Bhansali = $200 million (FC)
(1995)
Telgi scam = $4.46 billion (MC)
(1992)
Harshad Mehta = $800 million (FC)
(1989)
Bofors = $400 million (FC)
(1971)
Nagarwala = $1 million (FC)
Haridas Mundhra = $10 million (FC)
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