Charitable and educational institutions under IT department scanner

Posted: 24 May 2011 09:59 AM PDT

The Income Tax department suspects that several existing trusts are currently operating as money laundering vehicles and hence these non-profit organizations are soon going t face tough scrutiny from the taxman. An IT official stated that the department would be focusing more down South and in Maharashtra to begin with, since a number of educational [...] Charitable and educational institutions...

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