Massive misuse of tax-free agricultural income

Kashmir Times. Dated: 2/9/2019 12:07:52 AM

Dear Editor,
It is a known bitter fact also in knowledge of Income Tax Department that many ultra-rich personalities including leading politicians, celebrities in all fields including from film-industry and leading sports-persons misuse provision of tax-exemption on agricultural income by declaring their income from unaccounted sources as agricultural income by purchasing some agricultural land. Even names of such tax-evaders highlight on social media.
Central Board of Direct Taxes CBDT and central government should take note of the tax-evading tactics and exempt only some basic amount as tax-free agricultural income so that only really deserving small farmers may be kept out of Income Tax provisions. A study can be made for determining such tax-free limit for agricultural income. Income Tax cases of earlier years for ultra-rich persons having declared huge agricultural income should be re-opened for exposing such tax-evaders and recovery of tax-evaded in name of agricultural income.
—Subhash Chandra Agrawal,
1775 Kucha Lattushah Dariba, Chandni Chowk Delhi.

 

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