oppn parties Pseudo Agriculturists Must Be Exposed

News Snippets

  • Corona cases in India cross 4000 and the death toll stands at 124
  • The government decides to double the testing of corona suspects from 10000 now to 20000 in the next three days
  • Flipkart assures employees that there will be no job or salary cuts due to the COVID-19 pandemic
  • Although it was obvious, but the government still clarifies that there is no need to switch off appliances and only lights need to be switched off on April 5 at 9pm after confusion in the minds of some people
  • PM Modi and President Trump decide "to deploy full strength of (Indo-US) partnership" to fight against COVID-19
  • 17 states have reported 1023 cases of coronavirus linked to the Tablighi Jamaat, which translates to 30% of all positive cases in India
  • The government says people should not use alcohol-based hand sanitizers before lighting diyas or candles on April 5
  • The railways say there is no certainty yet when services will resume after the lockdown and a final decision will be taken in the next few days
  • As coronavirus cases multiply in Assam, six north-east states seal their borders with the state
  • Power System Operation Corporation Ltd. (POCOSO) putting all systems and protocols in place at war-footing to ensure there is no grid failure due to reduction in demand on April 5 at 9 pm
  • Power ministry scotches rumours that the power grid might fail due to the 9-minute blackout called by PM Modi on Sunday, April 5
  • Centre asks people to wear home-made masks if it is absolutely essential for them to step out of homes
  • Centre asks states to allow licensed street vendors to sell essential items
  • 8000 samples were tested across India on April 2, but the government said that testing will be need-based and will not be used as a confidence-boosting measure
  • Air India operating special flights to fly passengers stuck in India since the lockdown
26 nurses and 3 doctors test positive for COVID-19 at Wockhardt Hospital in Mumbai, facility cordoned off, no entry or exit permitted from the hospital
oppn parties
Pseudo Agriculturists Must Be Exposed

By Sunil Garodia
First publised on 2017-04-28 12:31:54

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
Finance minister Arun Jaitley has said that the government has no plans to tax agricultural income as suggested by Niti Aayog member Bibek Debroy. He did not point out that as the law stands today, the Centre is not empowered by the Constitution to tax agricultural income. This power vests solely with the states. In fact, some states tax income from agriculture heavily, especially for cash crops like tea in Assam. If the Centre is to tax agricultural income, it will have to amend the constitution. But if it taxes agricultural income, then it will lead to double taxation, once by the state and then by the Centre.

One believes that it is not as much a question of taxing agricultural income as it is to plug the loophole being exploited by unscrupulous taxpayers to avoid paying taxes on dubious income being passed off as such. Since agricultural income is at present not taxed in income tax but just clubbed with other income for rate purpose, one can inflate one’s income to any extent and yet pay a small amount of tax. This is resulting in a loss of huge revenue for the department.

The basic problem is that people who are declaring agricultural income are doing so with complete disregard to their land holding. If one were to collate their land holding with the income they show from harvesting crops, one would find that the yield per acre would set world records by huge margins. It is this misuse that has to be first stopped. Taxpayers who declare agricultural income for clubbing purpose must be made to give details of their land holding (both leased and owned), the crop sowed, the yield per acre and the proceeds from sale of such yield. There must be a standard yield per acre and crop price location-wise that must be followed by the income tax department to determine and fix such income (much like the circle rate for property tax). If this procedure is followed, much of the grey areas will vanish and the incentive to fudge income will fall in the face of details to be provided. Pseudo agriculturists need to be exposed.