he roadside street vendors in Mumbai selling vada pav, chhole batore and pav bhaji, have declared Rs 50 crores property and cash. This comes a week after the Income Tax Department raided the roadside eateries across the country, owners of such premises in and around Mumbai have come out with undisclosed income cash and properties under the government’s Income Declaration Scheme (IDS).

A little before September ended, the IT Department ensured that they would investigate every nook and corner of this flourishing industry and this is what has emerged out of it. The Income Tax department has already identified 90 lakh high value transactions without PAN.

As part of the scrutiny, the department will initially issue 7 lakh letters to those who have indulged in such transactions seeking their details. People aware of the matter confirmed that these owners would be asked to pay INR 22.5 crore on their previously unaccounted income. As of now, as many as 200 eateries have been raided.