New Delhi: Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore. This is more than double the amount of total tax dues worth Rs 90,568 crore outstanding against 35 firms in this category, Minister of State for Finance Jayant Sinha informed the Rajya Sabha.
Together, these individuals and companies account for more than one-third of the overall direct tax arrears (including the demand not fallen due), which stood at Rs 8,27,680 crore as on April 1, 2015. He, however, said that a large proportion of the large-size outstanding tax arrears may not be collectible due to various reasons.
