Front Page

TTD gets I-T exemption

By Our Special Correspondent

TIRUPATI, FEB. 14. The Tirumala-Tirupati Devasthanams (TTD), official custodian of the Hill Temple of Lord Venkateswara and its enormous riches, has been exempted from the Income Tax net for three more years. As the three-year exemption granted earlier by the Union Ministry of Finance is lapsing shortly, a communication granting a fresh renewal is said to have reached the TTD headquarters here on Wednesday.

The Income Tax Department has been trying rather unsuccessfully for the last decade-and-a-half to bring the income of the TTD - about Rs. 500 crores per annum approximately - under the tax net.

Send this article to Friends by E-Mail

Front Page

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• 55 p.c. turnout in first phase of U.P. polling
• BJP ahead in U.P.: exit polls
• 70 per cent polling in Manipur
• Pearl is dead, Omar Sheikh tells court
• It was a guess: Musharraf
• India iterates opposition to third-party mediation
• 'Musharraf talked only of possible test'
• Paradeep Phosphates sale cleared
• ISI bid foiled
• TTD gets I-T exemption
• Valentine's day celebrated
• Bahrain now a kingdom
• Afghan Minister killed

Copyright © 2002, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu