GENERAL20 Sept 2026
ICAI, Tirumala Tirupati Devasthanams work on Reits to monetise land assets
ICAI is helping Tirumala Tirupati Devasthanams, the trust that runs the Sri Venkateswara temple, raise money from its donated land using real estate investment trusts, or REITs. ICAI is also valuing TTD's gold and updating its thirty-year-old accounting manual, which is nearly ready. If your trust or temple holds large assets, expect similar accounting and valuation work ahead.
Key Statutory Highlights
- ICAI is working with Tirumala Tirupati Devasthanams to help monetise its land assets through real estate investment trusts.
- The institute is in advanced stages of preparing an updated accounting manual for TTD, whose earlier manual was developed three decades ago.
- TTD is the official custodian of the Sri Venkateswara temple in Tirupati and is considered the richest Hindu shrine in the world.
Actionable Advice for Taxpayers / Founders:If your temple, trust or society holds donated land, gold or other large assets, it is worth reviewing how those assets are recorded and valued. Speak to a chartered accountant about whether an updated accounting framework or a REIT-style route could suit your organisation.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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