Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
SIT black money probe on mushrooming growth of babas could be revealing
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • SIT black money probe on mushrooming growth of babas could be revealing

SIT black money probe on mushrooming growth of babas could be revealing

S Murlidharan • August 27, 2015, 15:59:37 IST
Whatsapp Facebook Twitter

The SIT sleuths are bound to come up with a wealth of information once they descend on these dubious ashrams.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
SIT black money probe on mushrooming growth of babas could be revealing

The Special Investigation Team (SIT) constituted by the Supreme Court to look into black money in India as well as stashed away abroad has rightly chosen a right target for its freewheeling investigations – the sundry babas and matas (god men for short) dotting the Indian landscape. The opulence wafting through and permeating the ashrams in which these god men are ensconced can put the erstwhile Moghul rulers to pale. The SIT wonders about the source of funding of these god men.[caption id=“attachment_2304510” align=“alignleft” width=“380”] ![Self-styled godman Asaram Bapu. PTI](https://images.firstpost.com/wp-content/uploads/2015/06/Asaram-Bapu-PTI.jpg) Self-styled godman Asaram Bapu. PTI[/caption] Religion is the opium of masses. Indians are no exception to this. Soothsayers and faith healers with a touch of religiosity thrown in can easily sweep the fawning followers off their feet. The local power brokers and others awash in cash generated through shady business deals find in such god men a sanctuary to park their ill-gotten wealth. Invariably these ashrams are registered as religious trusts under the income-tax law which confers complete tax exemption on them. Now religion is a holy cow and what constitutes a religious trust’s core dare not be questioned. These then offer themselves as an excellent avenue to park ill-gotten money. The income tax law vide section 115BBC says if a trust enjoying tax exemption receives anonymous donations in excess of 5 percent of its total donations, it will have to pay tax at the rate of 30 percent on the excess over this 5 percent limit. In other words, latitude is given for anonymous donations upto 5 percent. But the draftsman has been known for his generosity in leaving loopholes even in solemn laws. The most important loophole is religious trusts do not come under the pincer of this regime. Did anyone say one step forward one step backward? Well that is what the regime amounts to except that some gullible charitable trusts may come under its pincer. But in this article, the focus is on religious trusts and not on charitable trusts though it would be uncharitable to brand only religious trusts as being amenable to misuse. Charitable trusts too are abused. Be that as it may. Now comes the question who the patron saints of these ashrams are. Who props up these god men? The answer as alluded earlier is the power brokers and others awash in black money. The god men do their bidding in return for luxurious living and fan following that is soothing to their egos. The generous cash donations given are only partially for ashram and by extension religious activities, with bulk of them enuring for shady purposes as dictated by the munificent donors. These ashrams are touch-me-nots not only from the income tax point of view but also from the reaching and supposedly long arms of the law. The powerful patron saints raise a stink whenever police seeks to enter the precincts of these ashrams on suspicion of trafficking in vulnerable women and other nefarious activities. To be sure, not all ashrams and mutts belong to the shady genre. There are genuine ones offering spiritual solace and religious satisfaction to the devotees thronging them. Many of them do poor feeding with pride and sincerity. Therefore it would be wrong to tar all religious mutts and shrines with the same brush. Nor is the abuse of god men religion-specific. The SIT sleuths are bound to come up with a wealth of information once they descend on these dubious ashrams. And that would be only tip of the iceberg because the information gleaned on a swoop down of these ashrams may lead to other sources of black money. Indeed their work would result in force multiplier for the income tax department. A raid of a tax evader’s premises leads to raid of his associates because tell tale marks are invariably left especially when one is cocky that no harm will befall him/her. The SIT’s suspicion that the sundry ashrams mushrooming in this country are only facades or fig leaves for black money owners is not at all far-fetched or paranoid.

Tags
HowThisWorks Economy Black money Supreme Court Income tax Special Investigation Team
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV