Some Surat businessmen declare black money — very proudly

Apparently unconcerned about the confidentiality clause, Surat businessmen are talking about their disclosures publicly, one even displayed a poster outside his office.

Written by Kamaal Saiyed | Surat | Published:October 4, 2016 5:14 am
black money, ids, income declaration scheme, surat, gujarat, business news, india news (Photo for representational purpose)

THE Government has reason to pat itself on its back when it announced that black money worth Rs 65,250 crore was declared under the Income Tax Disclosure scheme. But some of the declarants are doing that to themselves, too.

Apparently unconcerned about the confidentiality clause, Surat businessmen are talking about their disclosures publicly, one
even displayed a poster outside his office until the tax department asked him to take it off.

At Rs 2,500 crore in disclosures of unaccounted income, Surat topped the list of cities in Gujarat where the statewide corpus was Rs 4,200 crore.

The IDS kicked in June 1, the last date being September 30. In the first two months, sources said, not many were forthcoming after which Income Tax officials began an awareness drive, meeting realtors, textile and diamond businessmen and chartered accountants.

Suvidha Enterprise, a group of diamond merchants and realtors having construction sites at various places in Surat city like Katargam, Varachha, and Kapodara, put up banners outside their project site. One such banner in Katargam said, “The Firm Suvidha Enterprise is covered under Income Disclosure Scheme (IDS) 2016.”

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I-T officials, when contacted, declined to comment.

Proprietor of Suvidha Kishor Patel was unavailable for comment but a senior employee told The Indian Express on condition of anonymity: “Yes, we put up banners outside the main gate of our construction site at Ankur School crossroad. We have now removed it as there was pressure from the I-T department.”

Suvidha isn’t the only one. Realty firm Kakadia group’s owner Manhar Kakadia told The Indian Express: “I have disclosed Rs 152 crore under IDS and I am proud of it. It is our duty to disclose it and the money disclosed will not go in waste as it will be used by the government for development work. It is the duty of all citizens to disclose unaccounted money. I advised many of my friends who also actively participated in the IDS scheme”.

Kuberji Developers owner Naresh Agrawal said: “Under IDS, we disclosed unaccounted money to the tune of Rs 41 crore. We are happy that this money will go directly to Central government and it will be used for a good purpose — building bridges, roads, water canals, dams. Many people will benefit.”

Said realty firm Raj Green Group owner Sanjay Movaliya: “I have disclosed unaccounted money to the tune of Rs 42 crore and I am happy as it will benefit me eventually.”

In the last one hour to the deadline last Friday, from 11 pm to 12 am, an estimated Rs 100 crore was disclosed by businessmen in Surat, sources said. Over 60 per cent, sources said, came from businessmen related to real estate.

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  1. A
    Abhinav Gour
    Oct 4, 2016 at 7:37 am
    These crooks did not pay taxes earlier and now suddenly they are posing as good people and talking about money being used for country's development. If they were so sincere abt country why not pay tax in first place.
    Reply
    1. M
      MyTake
      Oct 4, 2016 at 1:51 am
      This businessman seems to be a honest one. He stole it when it was "legal" (Going by UPA rules) and returned when it is also "legal" to do so!
      Reply
      1. A
        arc
        Oct 4, 2016 at 6:45 am
        Gujju crooks. And proud to be so. The trait of all Gujju businessmen. Just like Gujju Prime Minister.
        Reply
        1. A
          AlsoIndian
          Oct 4, 2016 at 4:46 am
          New Mumbai is controlled by Sharad Pawar's party while Thane is controlled by Shiv Sena.
          Reply
          1. A
            ashok s
            Oct 4, 2016 at 3:48 am
            If realtor s have so much black money ,why they provide sub standard constructed apartments to their clients. Full of seepages, leakages, no water connection, no oc, cc etc etc .
            Reply
            1. B
              Brahm Gaur
              Oct 4, 2016 at 12:55 am
              Well done Mr Modi. We need these people to continue their business and keep feeding the mouths. So far people were not paying their dues because they didn't know where will their money endup. As you know their unlimited Scams during previous regim.
              Reply
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                mahesh sharma
                Oct 4, 2016 at 5:12 am
                What are they feeling proud about . All these years they have suppressed payment of I T dues !! Now they claim it will be beneficial and go for good use !!!! Ridiclious and what a joke these people are making of teh Disclosure scheme
                Reply
                1. K
                  Kartik Malli
                  Oct 4, 2016 at 12:15 am
                  chori kar ke be PROUD...wah modi what sort of justice is this ....do not what to make of when honest ppl pay taxes...book these s ..
                  Reply
                  1. K
                    kris kumar
                    Oct 4, 2016 at 6:43 am
                    There are still many crooks and fraudsters who have not declared their black money. The government must find out the culprits and punish them. The hard core tax defaulters have mastered their technicques to hide their loots and the government must use its full force to name and shame them. Most of the looters are politicians and their families and any effort by government to challenge them will get the tag vendetta. If the government goes after the looters I am sure the public will support the government.
                    Reply
                    1. L
                      Laxman Gupta
                      Oct 4, 2016 at 1:02 pm
                      Why this Income Declaration Scheme for those corrupt people who had made lots of money through many Wrong doing? Is Govt. is encouraging them to earn more money through wrong doing and give us 45%? lt;br/gt;A corrupt Doctor has made Black money through wrong Practice like wrong abortion, wrong, lengthy and costly treatment. He had made many orphans, widows and poor.lt;br/gt;A corrupt Engineer has made Black money through wrong practice like poor construction and had made many orphans and widows. lt;br/gt;A corrupt Teacher has money through Not teaching in Cl and compelling students to come home for Tutions and ping students by taking money. Due to this many poor students must have sucide. lt;br/gt;A corrupt Bureaucrat had appointed many wrong officials by taking bribe and made lots of black money and due to this many Right persons had committed Suicide. lt;br/gt;A corrupt Policeman and Lawyers had made Black money by taking bride from Criminals and let Criminals go scot Free and had made many to loose their hard earned money to criminals, they made orphans, widows and made many Right persons to commit suicide. lt;br/gt;A Businessman had made Black money by doing many wrong things like not paying Taxes, not following Labour Laws, not paying Loans to Banks etc. lt;br/gt;A corrupt politician had made Black money by supporting all the above corrupt by taking bribe from all of them.
                      Reply
                      1. P
                        Paddy Singh
                        Oct 4, 2016 at 7:06 am
                        Money is God for Indians, with the amnesty announced, it is obvious that they will boast of their Gods. In any other poverty ridden country they would have been lynched.
                        Reply
                        1. P
                          Pmg Pillai
                          Oct 4, 2016 at 12:09 am
                          Honest and courageus people candeclar their black money boldly nd f geawy uder the disloure plan datedtuesdy Octer04th 2016tIme0535hrs ist
                          Reply
                          1. P
                            P.C.Kulkarmi
                            Oct 4, 2016 at 3:44 am
                            Why these people were not prosecuted in last 2 years?
                            Reply
                            1. M
                              Marathaa
                              Oct 4, 2016 at 4:22 am
                              Govt. should disclose the name of the people who took advantage of the scheme .....or the citizen who pays regular income tax is fools
                              Reply
                              1. T
                                Tejas Desai
                                Oct 4, 2016 at 4:21 am
                                Most of these are well known land grabbers and partners of politicians. For years, under bjp rule, they grabbed prime government plots, raised the price of properties to astronomical levels, pocketed vulgur profits and now using fair and lovely scheme to make that ill gotten wealth white. Shame on tbem. Nothing to be proud about.
                                Reply
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                                  ABC
                                  Oct 4, 2016 at 9:29 am
                                  If these defaulters had been from a particular community, they would have been immediately bed as anti-nationals, terrorists, etc. But in this case the readers have become a quite sensible and civilized. They call them as defaulters, crooks. Absolute double standards. Food for thought for all hose pot bellies and nut heads.lt;br/gt;lt;br/gt;In TOI, there is a news that Sushma Swaraj calls some 19 stani girls visiting India as daughters. If this same statement was issued by an actor or some other political party, then they would be asked to go to stan. DOUBLE STANDARDS.
                                  Reply
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                                    ABC
                                    Oct 4, 2016 at 6:10 am
                                    Income Tax Defaulters are no less than anti-nationals. Anyone wants to debate on this??
                                    Reply
                                    1. A
                                      ABC
                                      Oct 4, 2016 at 9:35 am
                                      Lets call them anti-nationals and terrorists (not as crooks/defaulters). Lets call their Chartered Accountants as Handlers (not CAs). Lets call it as Sleeper Cells (Not black money). How does this sound? The damage these anti-nationals are doing to the country is far more than the terrorists.
                                      Reply
                                      1. S
                                        Swamy
                                        Oct 4, 2016 at 5:07 am
                                        "Gujarat is shining""Gujarat model" M00dyji took all credit with Gujarat Asmita and development, with 50% of black money coming from Gujarat , M00dyji should take responsibility that being chief minister for three term he failed to unearth the black money under his nose.These Diamond merchants are backbone of BJP, do not get mislead the amount of black money declared is just 10% of the total stashed with them.
                                        Reply
                                        1. S
                                          Swamy
                                          Oct 4, 2016 at 5:15 am
                                          50% of these anti nationals are from State of Gujarat where M00dyji was Chief minister for three consecutive terms.They were the source of his vibrant Political Campaigns.M00dyji must be questioned, How He was not informed about such huge corpus under his nose, even the declared amount will not be real but just 10% of the black money.
                                          Reply
                                          1. S
                                            Swamy
                                            Oct 4, 2016 at 5:11 am
                                            Because we are fools to accept it without protest.Unless consumers unite and fight , Capitalist with patronage of Political forces with suppress common citizen, Do not forget the anti farmer land ordinance was the first initiative of our Beloved M00dyji.
                                            Reply
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