Wednesday, 26 April 2017

FM : The Central Government has no plan to impose any tax on agriculture income

Following is the text of the Union Finance Minister Shri Arun Jaitley's Statement on the subject to impose tax on agriculture income:

"I have read the paragraph in Niti Ayog Report entitled 'Income tax on agriculture income'. To obviate any confusion on the subject, I categorically state that the Central Government has no plan to impose any tax on agriculture income. As per the Constitutional Allocation of Powers, the Central Government has no jurisdiction to impose tax on agricultural income."


Courtesy: pib.nic.in

No comments:

PM interacts with beneficiaries of Rural Electrification and Saubhagya Schemes across the country through video bridge

The Prime Minister, Shri Narendra Modi, todayinteracted with citizens fromvillages across the country which has been electrified since 2014...