MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI GINGEE N. RAMACHANDRAN)
(a):- During the financial year 1998-99,
it was noticed that a number of multinational
companies did not deduct tax at source in
respect of part of the salaries paid to
their employees abroad for services rendered
in India.
(b), (c) & (d):-The entire amount of tax,
including statutory interest thereon,
amounting to more than Rs. 640 crores
has already been recovered by the Income Tax
Department. The names of the companies are
as per Annexure.
(e) & (f):- Surveys u/s 133A of the
Income Tax Act, 1961, have been conducted
on a number of multinational companies.
Statutory interest has also been charged
in all the cases. Further, penalty u/s 271C
of the Act for failure to deduct tax at
source has since been levied in a number
of such cases, wherever applicable.
ANNEXURE
SL.No. Name of the Company
1. All Nippon Airways Co. Ltd.,
2. M/s Anritsu Corporation
3. M/s I.H.I
4. M/s Denso India
5. M/s Fuji Bank Ltd.
6. M/s EPDC
7 M/s Japan Broadcasting cor.
8. M/s Ericsson communication Pvt. Ltd.
9. M/s Alcatel Modi Networks Systems
10. M/s Alcatel South Asia Pacific Ltd.
11. M/s Cegelec India Ltd.
12. M/s Cegelec India Ltd. (Noida Office)
13. M/s Hyundai Engg. & Constn. Co.
14. M/s Daewoo Motors India Ltd.
15. M/s Banque Pariba
16. M/s Aeroflot
17. M/s Japan Radio Co. Ltd.
18. M/s Asahi Glas Co. Ltd
19. M/s Casio Bharti Mobile Communication Ltd.
20. M/s Fujitsu Limited
21. M/s Itochu Corporation
22. M/s Chori Co. Ltd.
23. M/s Escorts Yamaha Motors Ltd.
24. M/s Fuji Photo Film (Singapore)
25. M/s Hitachi Cables Ltd.
26. M/s Exedy Ceekay Ltd.
27. M/s Honda Motors Co.
28. M/s Kenwood
29. M/s Juky Singapore
30. M/s Hitachi India Trading Pvt. Ltd.
31. The Bank of Tokyo
32. The Sakura bank Ltd.
33. Japan Airlines
34. M/s Sanwa Bank Ltd. New Delhi
35. M/s National Panasonic
36. M/s Nissho Iwai corpn.
37. M/s Mitsubishi Corpn.
38. LG Electronics
39. M/s Samsung Electronics
40. The Commerical Bank of Korea Ltd.
41. The Bank of Nova Scotia
42. M/s Nokia Pvt. Ltd.
43. M/s Lifthansa Airlines
44. M/s Tokyo Motors Corpn.
45. M/s Sony India Pvt. Ltd.
46. M/s Sony Gulf
47. M/s Sony Corpn. Ltd.
48. M/s SWS India Holding Ltd.
49. M/s Sumi Motherson Innovative Engg. Ltd.
50. M/s Sumi Motherson Integrated Technologies Ltd.
51. M/s Motherson Sumi Systems Ltd.
52. M/s NEC Corpn.
53 M/s Marubeni Corpn. New Delhi.
54. M/s YKK India Pvt. Ltd.
55. M/s Mitsui Construction Co. Ltd.
56. M/s Mitsui Kensetsu India Pvt. Ltd.
57. M/s TS Tech co. Ltd.
58. M/s Sumitomo corpn.
59. M/s Sandan Vikas India Ltd.
60. M/s Toshiba Corpn.
61. M/s Marubeni Corpn. Project Office
62. M/s Marubeni India Pvt. Ltd.
63. M/s Mitsui Marine and Fire Insurance Co. Ltd.
64. M/s Terumo Corpn.
65. M/s Mitsubishi Electronic Corpn. India Liaison Office
66. M/s Showa Corpn. (Munjai)
67. M/s Morirqko Corpn. Ltd.
68. M/s Mitsui & co.
69. M/s KEIHN corpn.
70. M/s Subros Ltd.
71. M/s Sumitomo Electric Industries Ltd.
72. M/s Riso Kagako Corpn.
73. M/s Kenwood corpn.
74. M/s Lumax Industries Ltd.
75. M/s Yasuda Fire & Marine Insurance Co. Ltd.
76. M/s Matsushita Television & Audio India Ltd.
77. M/s Satake Corpn.
78. M/s Matsushita Electric works Ltd. (National Panasonic)
79. M/s Nissho Iwai Corpn.(Bombay Office)
80. M/s Toyota Tsusho Corpn.
81. M/s Pioneer Electric Corpn.
82. M/s Sumitomo Electric Industries Ltd.
83. M/s ICI India Ltd.
84. Nomura Trading Co. Ltd.
85. Mitsubishi Heavy Industries Ltd.
86. Kinsho Matai -chi Corporation
87. Sumikin Bussan Corporation
88. The Asahi Bank Ltd.
89. The Sumitomo Marine & fire Insurance Corpn.
90. The Sumitomo Bank Ltd.
91. Nichimen Corpn.
92. Tomen Corpn.
93. Hitachi G. Motor Eng. Ltd.
94. Sakura Capital Market
95. M/s Kawasho Corpn.
96. M/s Nagase & co. Ltd.
97. M/s Murate Machinery Ltd.
98. BPL Sanyo Ltd.
99. BPL Sanyo Finance
100. Yokagawa Bluestar
101. Indo Nissin Foods Ltd.
102. Juki Singapore Ltd.
103. Hitachi Koki.
