Baba Ramdev:Tax Evasion Charges Likely Against His Trusts

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After Anna , its time for Baba Ramdev to get government agencies ire. Media report suggest that the income tax department is in process of completing its report  on Baba Ramdev’s trusts and Ayurveda ventures. It is rumored that there is every chance that a case for tax evasion against the trusts associated with the yoga guru may be built up.

A senior finance ministry official is quoted in the media reports that an ongoing scrutiny of accounts of Ramdev’s trusts which began some time ago and its completion should not be construed as vendetta for his belligerent approach towards the government.

This statement is significant in the wake of Baba Ramdev’s fast which was called off on On Monday, and launched an anti-Congress campaign, calling his supporters to mobilize people and oust the party in the next parliamentary polls, which he predicted would be advanced by a year.

It is expected that report may suggest withdrawal of tax exemptions granted to Baba Ramdev’s  trusts, terming their activities as non-charitable and of commercial nature. This will lead to  not burden of paying tax by the trusts of Baba Ramdev , but also consequential penal action may be  slapped.The tax liability  against the trusts  is likely to be in the range of Rs 250 crore to Rs 300 crore .