Rs. 50 Crore declared by the Owners of the Roadside Eateries in Mumbai

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Roadside Eateries

Roadside Eateries

These roadside eateries were overlooked by the Income Tax Department. These eateries flourish and make thousands daily and nobody questions them. It was just last week that the Income Tax Department made an announcement about raiding roadside eateries.

Dosa Center in Ghatkopar

By the end of September, the IT Department ensured that they would investigate all these eateries. The next move was the notice that was sent to many roadside eateries, including a well-known vada pav centre in Thane, a dosa centre in Ghatkopar, a sandwich centre in Andheri and a jalebi wallah in south Mumbai. Look what they came up with: owners of roadside eateries in Mumbai declared about INR 50,00,00,000 in cash and properties under the government’s Income Declaration Scheme.

“The owner of a juice centre in Ghatkopar has declared about Rs 5 crore in cash and property under the IDS. Some other roadside eatery owners too declared Rs 25 lakh-Rs 2 crores,” said a source. “You can’t expect people to sell properties worth millions in few months and many of these people now don’t have money to pay 45% on the value of the property,” a tax advisor said.

These Eateries have no doubt mouth watering dishes but you need to pay your taxes, though.

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