These institutes invariably fleece their customers, which adds to public anger and resentment. There is nothing charitable about our educational institutions and hospitals enjoying tax-free status. Not only do these institutions earn considerable tax free income but also facilitate money-laundering with black money mixing freely and seamlessly with white. So much so, sundry film stars and politicians own colleges and other educational institutions in states like Tamil Nadu and Maharashtra. ![]() The common perception is relief to poor alone is charity but the Supreme Court had made it clear long ago that profit motive is not antithetical to charity under the scheme of the income tax law. Yoga will now be in the distinguished and esoteric company of relief to poor, medicine and education among others. Ramdev is considered to be close to the party. ![]() The Finance Bill, 2015 adds ‘yoga’ as one of the charitable purposes begetting income tax exemption.Ĭongress party spokespersons have pounced on this to mount an attack and label this largesse as Baba Ramdev specific.
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