Patiala chaat wala raided, tax officials say he earns over Rs 1.2 crore
Patiala : When income tax sleuths came calling at Patiala’s famous chaatwala, they had a big surprise in store for them: Rs 1.20 crore undisclosed income.
The search on Wednesday comes close on the heels of a Ludhiana pakorawala declaring an undisclosed income of Rs 60 lakh to the tax department 10 days ago.
“The owner had not filed IT returns for the past two years. After conducting a discreet survey, tracing the footfall at his shop and monitoring his supplies to other shops and marriages, we raided his Focal Point shop and found that he had made investments running into lakhs in real estate,” said an I-T official, who was part of the raiding team.
The chaat wala also has booking offices on Sirhind road where he takes bulk orders for marriages and other functions.
“In our survey, we have found that famous eateries are making huge money but not paying taxes according to their income. Thus, we have decided to launch this drive against tax defaulters”, said another official, who was part of team that raided Ludhiana pakorawala and other eateries recently.
courtesy : hindustantimes.com
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
