Tax defaulters to be named & shamed

Income Tax department has come up with a novel idea to make sure people and especially the rich, pay all their taxes on time. It has decided to 'name and shame' all category of taxpayers who have a default of Rs 1 crore and above starting this financial year. An official said that the aim of the exercise is to inform the public at large about such tax evaders whom the taxman has not been able to penalize despite using various investigative and enforcement tools.