04-May-2026
Corporate News
 
Tax shadow over charitable trusts with 'profit' motive
04-May-2026

A high-stakes battle is brewing between Indian tax authorities and influential charities backed by large industrial houses and global organisations. Three top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied Income tax (I-T) exemption on the grounds that they were carrying out commercial activities.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/tax-shadow-over-charitable-trusts-with-profit-motive/articleshow/130739245.cms