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:

Majid Majidi, Ishaan Khatter & Malavika Mohanan attend the press conference of Opening Film ‘Beyond the Clouds’

After showcasing the movie, ‘Beyond the Clouds’ at the opening ceremony of the International Film Festival of India (IFFI) 2017, the cast a...