Won’t tax agricultural income, says Jaitley
Apr 26, 2017, 18:02 IST
Finance Minister Arun Jaitley took to social media platform Twitter to say that the government has no plans of taxing agricultural income, thus dismissing NITI Aayog member Bibek Debroy’s suggestion.
Also read: Finance Minister Arun Jaitley Gets Defence Ministry After Manohar Parrikar Heads To Goa
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">FM <a href="https://twitter.com/arunjaitley">@arunjaitley</a> : I categorically state that the Central Government has no plan to impose any tax on agriculture income .</p>— Ministry of Finance (@FinMinIndia) <a href="https://twitter.com/FinMinIndia/status/857119074006032384">April 26, 2017</a></blockquote>
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Jaitley further said that as per the Constitutional allocation of powers, the Centre has no authority to tax agricultural incomes.
Debroy had suggested that farm income above a certain level be taxed so that the tax base can be widened.
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Also read: Finance Minister Arun Jaitley Gets Defence Ministry After Manohar Parrikar Heads To Goa
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">FM <a href="https://twitter.com/arunjaitley">@arunjaitley</a> : I categorically state that the Central Government has no plan to impose any tax on agriculture income .</p>— Ministry of Finance (@FinMinIndia) <a href="https://twitter.com/FinMinIndia/status/857119074006032384">April 26, 2017</a></blockquote>
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Jaitley further said that as per the Constitutional allocation of powers, the Centre has no authority to tax agricultural incomes.
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