1. Baba Ramdev’s Patanjali Yogpeeth wins tax exempt status for its ‘Yoga’ tag

Baba Ramdev’s Patanjali Yogpeeth wins tax exempt status for its ‘Yoga’ tag

Charitable trust, Patanjali Yogpeeth, founded by yoga guru Baba Ramdev will be doing tax-free business from now as it succeeds in its appeal before the Income-tax Appellate Tribunal (ITAT).

By: | New Delhi | Published: February 19, 2017 6:55 PM

 

baba ramdev, baba ramdev news, patanjali, patanjali news, patanjali latest news, ruchi soya, ruchi soya shares In a similar benefit for Baba Ramdev, when the Himachal Pradesh government, on Saturday, had changed its decision to cancel the land lease granted by the BJP government to Patanjali Yogpeeth. (PTI)

Charitable trust, Patanjali Yogpeeth, founded by yoga guru Baba Ramdev will be doing tax-free business from now as it succeeds in its appeal before the Income-tax Appellate Tribunal (ITAT). Reportedly, a Delhi branch of ITAT justified the tax exemption by stating that Yoga providing medical relief, camps and education, falls within the meaning of charitable purpose, which is exempted to pay tax, under the sections 11 and 12 of the Income Tax act.

While section 11 of the I-T act mentions exemption of tax from properties held in trust/institution or other legal obligation for the religious/charitable purpose, sections 12 deals with voluntary contributions. Yoga got included in charitable purpose, exempted to pay tax, after an amendment, which came into effect on April 1, 2016, mentioned yoga within the definition of ‘charitable purpose’.

 

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In a similar benefit for Baba Ramdev, when the Himachal Pradesh government, on Saturday, had changed its decision to cancel the land lease granted by the BJP government to Patanjali Yogpeeth. The Cabinet deferred decision of restoration of land to Patanjali Yogpeeth near Sadhupul, putting a rider that the case should be withdrawn against the government pending in the High Court.

The previous BJP government had given 28 acres of land to Patanjali Yogpeeth of Baba Ramdev at Sadhupul near Kandaghat in Solan district for establishing a Branch of Yog and Ayurved related Medical Science Research and Health, Tourism and production of Herbal Medicinal plants at Mauza Kalhog on 99 years lease in 2010 and the Congress government had on return to power, cancelled the lease on February 19, 2013 and took possession of land on February 22. The Patanjali Yogpeeth challenged the decision of the government in High Court which ordered status quo till the case is decided and the matter is still pending in High Court.

(With inputs from agencies)

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