shot-button
Ganesh Chaturthi Ganesh Chaturthi
Home > News > India News > Article > Maharashtra Saibaba temple of Shirdi gets tax exemption of Rs 175 crore

Maharashtra: Saibaba temple of Shirdi gets tax exemption of Rs 175 crore

Updated on: 26 November,2022 09:29 AM IST  |  Pune
PTI |

The exemption was granted following a Supreme Court order

Maharashtra: Saibaba temple of Shirdi gets tax exemption of Rs 175 crore

Saibaba temple in Shirdi. Pic/iStock

The Sri Saibaba Temple Trust of Shirdi has been exempted from the payment of income tax of Rs 175 crore levied in the last three years, its officials said on Friday.


The exemption was granted following a Supreme Court order, it said in a release.


"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 Rs 183 crore," it said.


Also Read: I do not need to visit astrologer: Maharashtra CM Eknath Shinde

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.

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.

"Thus, Sri Saibaba Sansthan has been exempted from income tax of Rs175 crore levied in the last three years," said the release.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK