Budget 2018: Now, cash deals of charitable trusts come under scanner

In Union Budget 2018, Finance Minister Arun Jaitley has tightened anti-black money provisions

With growing instances of cash transactions at charitable trusts owned by corporate entities, the government has tightened the income tax provisions on such dealings.
 
Budget 2018-19 has proposed a slew of changes — including restricting the adjustment in income-tax (I-T) filing, more powers to tax officials under the Black Money Act, prosecuting shell companies for not filing tax returns and higher penalty on offenders.
 
The Budget also has a provision to explain cash payments by charitable or religious trusts, a move aimed at plugging a loophole that was being exploited by issuing cheques to charities and claiming tax