I-T department estimates 25k cr tax evasion by restaurants
The Income Tax department estimated tax evasion by restaurants at over ₹25,000 crore, with ₹7,500 crore linked to 8,000 restaurants that failed to file returns. This analysis spans data from 2021-22 to 2024-25, revealing that these restaurants reported revenues of approximately ₹2,700 crore in 2024-25, with only ₹25 crore in tax deducted. Further investigations are expected.