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Jun 05, 2025
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Terror funding? Charitable entities under CBDT lens
The Central Board of Direct Taxes (CBDT) will undertake a detailed review of charitable entities and non-profit organisations to see if they are not being misused for terror financing or money laundering.
The review will be done in collaboration with agencies such as the Intelligence Bureau (IB), the Enforcement Directorate (ED) and the National Investigation Agency (NIA).
The CBDT will prepare a database of charitable institutions with foreign links, those receiving heavy foreign funds, or institutions that are registered but not filing returns or don't have much of a digital footprint, people aware of the details told ET.
The move comes after the department received information about the questionable role of some charitable institutions. Some of them received large amounts from across the border.
The board has asked officials to send notices by the end of June in cases that have been selected based on risk assessment or where it has received information from the IB, ED or NIA of links with any money laundering or terror financing cases, they said.
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