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Trusts under Asaram Bapu’s name hold undisclosed income of Rs. 2300 crores

Updated on: 08 Aug, 2023 10:55 AM

An Income Tax Department probe has indicated to undisclosed income around Rs. 2300 crores under Charitable Trusts controlled by Asaram Bapu since 2008-09. It has therefore suggested cancellation of tax breaks given to trusts controlled by the ‘godman’. The report also found that Asaram may have been running cash lending schemes through his followers.

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.