Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Farmers are tax exempt, so is company with Rs 215 cr profit -Charu Bahri    </title>
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Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax

Mt Abu: It&rsquo;s reasonably well known that income from agriculture attracts no tax in India.

What isn&rsquo;t quite as well known is that of..."/>
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Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax

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What isn&rsquo;t quite as well known is that of..." />
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                            <div align="justify">-IndiaSpend<br /><br /><em>Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax<br /><br />Mt Abu: </em>It&rsquo;s reasonably well known that income from agriculture attracts no tax in India.<br /><br />What isn&rsquo;t quite as well known is that of more than 400,000 taxpayers claiming exemption for agricultural income in the assessment year 2014-15, the biggest were seed giant Kaveri Seeds&mdash;it claimed Rs 186.63 crore exemption and made a profit of Rs 215.36 crore before tax&mdash;and multinational Monsanto India, which claimed Rs 94.40 crore as exemption from agricultural income and earned Rs 138.74 crore profit before tax.<br /><br />Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax, although some states do indeed tax some kinds of farming.<br /><br />Please <a href="http://www.business-standard.com/article/specials/farmers-are-tax-exempt-so-is-company-with-rs-215-cr-profit-116031200292_1.html" title="http://www.business-standard.com/article/specials/farmers-are-tax-exempt-so-is-company-with-rs-215-cr-profit-116031200292_1.html">click here</a> to read more. &nbsp;<br /><br /></div>                                                           
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Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax

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                            <div align="justify">-IndiaSpend<br /><br /><em>Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax<br /><br />Mt Abu: </em>It&rsquo;s reasonably well known that income from agriculture attracts no tax in India.<br /><br />What isn&rsquo;t quite as well known is that of more than 400,000 taxpayers claiming exemption for agricultural income in the assessment year 2014-15, the biggest were seed giant Kaveri Seeds&mdash;it claimed Rs 186.63 crore exemption and made a profit of Rs 215.36 crore before tax&mdash;and multinational Monsanto India, which claimed Rs 94.40 crore as exemption from agricultural income and earned Rs 138.74 crore profit before tax.<br /><br />Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax, although some states do indeed tax some kinds of farming.<br /><br />Please <a href="http://www.business-standard.com/article/specials/farmers-are-tax-exempt-so-is-company-with-rs-215-cr-profit-116031200292_1.html" title="http://www.business-standard.com/article/specials/farmers-are-tax-exempt-so-is-company-with-rs-215-cr-profit-116031200292_1.html">click here</a> to read more. &nbsp;<br /><br /></div>                                                           
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Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax

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Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax

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    <h1 class="cat-box-title">Farmers are tax exempt, so is company with Rs 215 cr profit -Charu Bahri</h1>
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                            <div align="justify">-IndiaSpend<br /><br /><em>Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax<br /><br />Mt Abu: </em>It&rsquo;s reasonably well known that income from agriculture attracts no tax in India.<br /><br />What isn&rsquo;t quite as well known is that of more than 400,000 taxpayers claiming exemption for agricultural income in the assessment year 2014-15, the biggest were seed giant Kaveri Seeds&mdash;it claimed Rs 186.63 crore exemption and made a profit of Rs 215.36 crore before tax&mdash;and multinational Monsanto India, which claimed Rs 94.40 crore as exemption from agricultural income and earned Rs 138.74 crore profit before tax.<br /><br />Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax, although some states do indeed tax some kinds of farming.<br /><br />Please <a href="http://www.business-standard.com/article/specials/farmers-are-tax-exempt-so-is-company-with-rs-215-cr-profit-116031200292_1.html" title="http://www.business-standard.com/article/specials/farmers-are-tax-exempt-so-is-company-with-rs-215-cr-profit-116031200292_1.html">click here</a> to read more. &nbsp;<br /><br /></div>                                                           
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Farmers are tax exempt, so is company with Rs 215 cr profit -Charu Bahri

Published on Mar 13, 2016   Modified on Mar 13, 2016

-IndiaSpend Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax Mt Abu: It’s reasonably well known that income from agriculture attracts no tax in India. What isn’t quite as well known is that of more than 400,000 taxpayers claiming exemption for agricultural income in the assessment year 2014-15, the biggest were seed giant Kaveri Seeds—it claimed Rs 186.63 crore exemption and made a profit of Rs 215.36 crore before tax—and multinational Monsanto India, which claimed Rs 94.40 crore as exemption from agricultural income and earned Rs 138.74 crore profit before tax. Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax, although some states do indeed tax some kinds of farming. Please click here to read more.

Business Standard, 12 March, 2016, http://www.business-standard.com/article/specials/farmers-are-tax-exempt-so-is-company-with-rs-215-cr-profit-116031200292_1.html

Tagged with: Taxation Tax Exemption Agriculture farming

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