New Delhi: Self proclaimed anti-corruption crusader Baba Ramdev is likely to face the heat of Income Tax Department as it is reportedly set to cancel the registration of his trust as a charitable organisation and withdraw all exemptions granted to it.

As per the sources, the I-T exemption unit, rejecting Patanjali Yogpeeth’s contention of nil income, has sought clarifications in the form of around 100 questions from trust officials and are now in the process of dispatching final penalty notices and cancellation of registration orders.

Yoga Guru Baba Ramdev’s Patanjali trust and other affiliate organisations have so far enjoyed exemption under Section 12 (a) of the Income-Tax Act.

However, the trust has claimed of nil income, the I-T department on scrutiny of accounts has pegged its taxable income at Rs 72.37 crore.

As per the sources from the department, the tax officials on investigating the records for the assessment year 2009-2010 has  found that the trust was involved in a number of commercial and trading activities.

Sources said, the Patanjali Trust has showed the revenue outflow of Rs 8.71 crore against an income of Rs 74.74 crore, a surplus of Rs 66.03 crore.

As per I-T rules, the exemption is provided only to those trusts that spend at least 85 percent of its income for charity.

The I-T Department in its findings has seen that the trust has turned Rs 88.73 lakh under Vanaprastha Ashram Yojna and sold cottages for between Rs 5.5 lakh and Rs 21 lakh each. It received tracts of land as donation in Gurgaon. The precise location and value of the land are still being investigated.

The trust has received whopping Rs 38.35 crore as donation from its affiliate organisation in Hardwar, the Divya Yog Mandir Trust.

Among the other sources of income for the trust are the Rs 14.75 crore received as membership fees in 2009-2010. One could pay Rs 21,000 for a respected membership to Rs 11 lakh each for a corporate membership.

Rs 15.41 crore was received by the trust from holding yoga camps. A VIP coupon fetched Rs 2,100 and a diamond coupon Rs 1,100 for the trust.

Also, the trust was found to have received Rs 13.69 crore as anonymous donation while it admitted to have received only Rs 1.07 crore as such donations.

Serious discrepancies have been found in the disaster relief funds managed by the trust. For the year 2009-10, Rs 4.36 crore was shown as donations for the fund, of which Rs 1.58 crore was claimed to have been spent on Bihar flood victims.

JPN/Bureau

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