-Business Standard Exemptions granted on agri income and subsidies provided by the Centre and states are being cornered by big farmers and corporates The Comptroller and Auditor General’s proposed audit of exemptions granted to big corporates, companies and even farmers under the head of agriculture incomes has once again rekindled the debate as to whether farm incomes derived from big companies and large farmers should be taxed. According to an analysis done by...
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CAG lens on entities avoiding tax with ?farm income? claim -Pradeep Thakur
-The Times of India NEW DELHI: The Comptroller and Auditor General has initiated an audit of entities claiming tax exemption on agricultural income amid suggestions from some political parties and income tax authorities that a blanket exemption be done away with and tax be levied after a threshold. The auditor has written to the finance ministry seeking details of entities which have declared agricultural income and the amount of tax exemption...
More »CAG may audit process of black-money scheme, not individual declarations
-PTI New Delhi: The Comptroller & Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made. As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations in the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS), which closed on September 30. ”The information filed under the IDS is confidential and will...
More »No feel for the pulse -Ashok Gulati & Siraj Hussain
-The Indian Express The government has failed to provide the right incentives to farmers India’s quest for self-sufficiency in pulses goes back, at least, to 1990-1991, when pulses were incorporated in the technology mission on oilseeds. In 1992, and 1995-1996, oil palm and maize were added to the mission, which was re-christened the Integrated Scheme on Oilseeds, Pulses, Oil palm and Maize (ISOPOM). In 2007, ISOPOM’s pulses component was merged with...
More »Delhi under-reporting dengue toll, cases: CAG -Pradeep Thakur
-The Times of India NEW DELHI: Delhi has been hugely under-reporting dengue cases and deaths, says a report of the Comptroller and Auditor General on the preparedness of the city govern ment, municipal bodies and others in control and prevention of the disease. The report comes in the midst of a chikungunya and dengue outbreak, with a Delhi government panel earlier this month dismissing all deaths attributed to the diseases so far...
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