Mumbai The Income Tax or IT department has raided several small scale businesses including the small stalls of vada pav, dosa, sandwiches and jalebies in some major cities including Mumbai.
According to a report, the deadline for payment of tax and penalty under under the black money disclosure scheme being just two weeks away the IT department raided many small scale businesses including about 50 vada pav centres in Mumbai and Thane. The raids were also carried out at a dosa centre in Ghatkopar, a sandwich centre in Andheri and a jalebiwallah in south Mumbai.
Raids were conducted in Ahmedabad, and at eateries and shops in New Delhi and Kolkata too. The owners were asked to declare their black money amount under the Income Declaration Scheme (IDS).
A tax official said, “bout 1 lakh small businessmen and shopkeepers have been identified by the government as possible evaders. It is also understood that the government has given targets for each city.”
The scheme was announced by the government with an aim to bring out the black money from the domestic economy, a poll promise of the Narendra Modi-led NDA government.
The first instalment of 25% under the IDS 2016 will have to be paid by November, followed by another 25% by March 31, 2017. The remaining amount will have to be paid to the exchequer by September 30, 2017.Earlier, the deadline for all these was November 30 of the current year.