Updated: June 27, 2023, 06:41 PM IST
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Tax evasion is a big problem in India. The people who… MoreTax evasion is a big problem in India. Those who can take advantage of loopholes in the 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 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 know the details.