Shirdi Saibaba temple gets Income tax exemption of Rs 175 crore

Shirdi Saibaba temple: The Sri Saibaba Temple of Shirdi has been exempted from the income tax payment of ₹175 crore levied in the last three years, said officials, adding that the exemption was granted following a Supreme Court order.

According to an official statement, while assessing the tax for the year 2015-16, the Income Tax Department assumed that Shri Saibaba Sansthan was not a religious trust but a charitable trust, and levied 30 percent income tax on the donations received in the donation box and issued a tax payment notice of ₹183 crore, as per PTI reports.

The trust then filed a writ petition in the Supreme Court which “ordered a stay on the tax payable till the determination of tax,” it said.

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The Income Tax Department finally granted it exemption from the tax levied on the donation in the donation box, accepting the Shree Saibaba Sansthan as a religious and charitable trust, PTI reported.

“Thus, Sri Saibaba Sansthan has been exempted from income tax of ₹175 crore levied in the last three years,” it added.

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