This is how Income Tax Department recover money from big defaulters.

You might have seen people making huge default of Income tax and then they are being prosecuted and for tax recovery the Income tax department sell their valuables and recover the tax amount as we have seen in the case of Vijay Maliya, Subarata Roy and other. We all wonder how the department auctions all the things. It’s basically done through public auction notice of which is put at their website i.e. incometaxindia.gov.in and interested people can apply to participate in auction. There are some rules for which auction which you must read first before applying for it, like any other auction.