-Business Standard Reportedly, Bibek Debroy suggested to tax agricultural income, which led to a public outcry Over the past few days, India’s agriculture has received much public attention for two apparently contradictory concerns. The first issue was the possibility of taxing agricultural income. NITI Aayog member Bibek Debroy reportedly suggested this move for widening the tax base and pruning exemptions. However, this led to a massive public outcry and within a few...
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No plan to tax agri income; rich farmer very rare, says Arun Jaitley
-PTI Stating that the agriculture sector is under distress, he said farm holdings are very small in size Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous farmers, saying a rich farmer is “a very rare institution” and not the norm. In an interview to PTI, he said the farm sector is in distress and there was no question of taxing agricultural income. NITI...
More »Government planning 'one nation, one market' in agriculture sector -Sayantan Bera
-Livemint.com The government’s model law for agricultural reforms aims to allow farmers a wider choice of markets beyond the local mandi New Delhi: The National Democratic Alliance (NDA) government is working on creating a common agricultural market that will improve the lot of farmers and the efficiencies of India’s notoriously inefficient farm-produce markets. The government put out a model law proposing a fundamental reset in the way agricultural markets operate on 24 April....
More »Cong smells farm tax
-The Telegraph New Delhi: The Congress today alleged that the Narendra Modi government was testing the waters on bringing agricultural income within the tax ambit and declared its intention to build a movement of farmers if the idea was implemented. "This government is harassing industrialists, traders, students, political rivals... only one section of the society was left, that is farmers," Congress leader Ghulam Nabi Azad said. "The statements coming from important people in...
More »Find ways to tax rich farmers with multiple sources of income: Swaminathan -Vishwa Mohan
-The Times of India NEW DELHI: Amid a growing debate over issue of taxing farm income, eminent agriculture scientist M S Swaminathan on Saturday expressed his views against such tax and said other methods could be explored to tax rich farmers with multiple sources of the income. "I do not agree with tax on agriculture income since agriculture is the major source of livelihood for over 50% of our population. It is...
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