The ‘Occupy Wall Street’ protesters have been demonstrating against the high 1% who holds all the wealth of the country. In a similar way, it is now reported by CAG that 90% of the Income Tax arrears are due from only 12 individuals of high value. The total tax arrears amount of these 12 comes to a mind blogging Rs. 1,04,092.26 crore. The names of these tax evaders are given below:
1. Hasan Ali Khan RS. 50,345.73 crore
2. Harshad Mehta Rs. 15,944.38 crore
3. Chandrika Tapuriah Rs. 20,540.83
4. A.D.Narrotam Rs. 5,781.86
5. Hiten P.Dalal Rs. 4,200.o4
6. Jyoti H. Mehta Rs. 1,739.57
7. Aswin S.Mehta Rs. 1,595.51
8. B.C.Dalal Rs. 1,535.89
9. S.Ramaswamy Rs. 1,122.48
10. Uday M.Acharya Rs. 683.22
11. Kashinath Tapuriah Rs. 602.80
No one need hope that the Government will take any action against thsese tax evaders. There will some noise now and then and the issue will be closed. These big tax evaders havegot big connections.