Canada markets open in 18 minutes
  • S&P/TSX

    20,461.93
    +60.44 (+0.30%)
     
  • S&P 500

    4,448.98
    +53.34 (+1.21%)
     
  • DOW

    34,764.82
    +506.50 (+1.48%)
     
  • CAD/USD

    0.7861
    -0.0041 (-0.52%)
     
  • CRUDE OIL

    72.94
    -0.36 (-0.49%)
     
  • BTC-CAD

    52,285.38
    -3,425.34 (-6.15%)
     
  • CMC Crypto 200

    1,019.03
    -89.89 (-8.11%)
     
  • GOLD FUTURES

    1,744.50
    -5.30 (-0.30%)
     
  • RUSSELL 2000

    2,259.04
    +40.48 (+1.82%)
     
  • 10-Yr Bond

    1.4290
    +0.0190 (+1.35%)
     
  • NASDAQ futures

    15,185.25
    -118.25 (-0.77%)
     
  • VOLATILITY

    20.37
    -0.50 (-2.40%)
     
  • FTSE

    7,048.95
    -29.40 (-0.42%)
     
  • NIKKEI 225

    30,248.81
    +609.41 (+2.06%)
     
  • CAD/EUR

    0.6711
    -0.0016 (-0.24%)
     

Kanpur: Over 250 Paan and Chaat Sellers, Small Vendors, Rag-Pickers Turn Millionaires by Evading Income Tax and GST, Reveals IT Probe

·2 min read

Kanpur, July 24: A recent investigation conducted by the Income Tax department in Kanpur city of Uttar Pradesh revealed a shocking secret about local rag-pickers and paan, samosa and chat sellers. The probe revealed around 256 people selling roadside snacks and eatables such as paan, samosa, and chaat in Kanpur are millionaires. They allegedly managed to make big fortune by evading income tax and GST. College Dropout Becomes Millionaire Through Innovative AirBnB Brand.

Also Read | UP: Woman Dies While Clicking Selfie With Gun in Hardoi, Father Suspects Foul Play

Officers from the IT department and GST registration carried out the probe in Kanpur which revealed big investments have been made by in real estate by chaat sellers of Birhana Road and Mall Road. The investigation also unearthed that owners of two paan shops in Aryanagar, one in Swaroop Nagar, and two in Birhana Road have purchased properties worth Rs 5 crore. Homeless, Beggars Should Work For the Country; Everything Can't Be Provided to Them by State, Says Bombay High Court.

Officers also found a scrap dealer in Bekonganj who has bought three properties worth more than Rs 10 crore in two years. more than 65 small grocery sellers and small-time druggists have also turned out to be millionaires Overall, 256 people selling roadside snacks and eatables have been identified as millionaires in Kanpur.

Also Read | Agra Shocker: Woman, 3 Children Found Murdered at Their Residence

In last four years, these "small vendors" purchased properties worth Rs 375 crore in expensive areas such as such as Swaroop Nagar, Aryanagar, Hulaganj, Birhana Road, Gumti, and Pirod. They also bought around 650 bighas of agricultural land in and around the rural areas of Bithoor, Naramau, Kanpur Nagar, Mandhana, Kakwan, Bilhaur, Sarsaul, and Farukhabad.

The identified paan, samosa, grocery and chat sellers, rag-pickers and scrap dealers collected huge sum of money and invested in properties because they don't pay income tax and are not registered with GST process. All their income goes in their pocket irrespective of the fact it is taxable.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting