‘Temple finances need streamlining in state’
Bihar's religious trusts are now required to register and undergo regular audits. This measure is designed to enhance transparency in financial activities and curtail any misuse of funds. The governing board urges unregistered entities to provide property information for assessment. Registered temples are taxed at four percent of their yearly income and play a role in promoting social welfare and educational initiatives.
Bihar's religious trusts are now required to register and undergo regular audits. This measure is designed to enhance transparency in financial activities and curtail any misuse of funds. The governing board urges unregistered entities to provide property information for assessment. Registered temples are taxed at four percent of their yearly income and play a role in promoting social welfare and educational initiatives.
