Financial Daily from THE HINDU group of publications
Monday, Dec 13, 2004
Financial Daily from THE HINDU group of publications Monday, Dec 13, 2004 |
|
|
|
|
|
Opinion
-
Letters Tax on agri income
This refers to the article "Agriculture is no holy cow" (Business Line, December 11). It is a sad fact that non-agriculturalists use the income from agriculture as a tax shield. The Kelkar Committee on tax reforms reported that such tax-evasion results in leakage of revenue of Rs 1, 000 crore annually. The Committee recommended that States should authorise the Centre under Article 252 of the Constitution to impose tax on agricultural income. They could do so by amending the definition of the phrase "agricultural income" in the IT Act. It is time the Centre took action and brought the agricultural income of affluent farmers into taxation. C. Ramesh Keeramangalam (TN) Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
More Stories on : Letters | Taxation | Agriculture
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|