Tax Dept. Gears Up For A Crackdown; Donations To Charitable Trusts Under Scrutiny

Tax evasion is a big problem in India. Those who can, exploit loopholes in existing rules to avoid paying taxes. One such loophole is the tax exemption status of charitable trusts which the tax department suspects is being used by the salaried, self-employed and businesses to evade taxes. As a result, the Central Board of Direct Taxes has decided to tighten the norms for charitable, religious, and educational trusts. Watch to find out the details.