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India Rules Out Tax Hike On Farmers

by Mary Swire, Tax-News.com, Hong Kong

28 April 2017


India's central Government has ruled out the introduction of a new tax on agricultural activity.

It has sought to allay taxpayers' concerns that it would soon introduce a new tax on the agriculture sector, following remarks to that effect reportedly made by Bibek Debroy, a member of the National Institute for Transforming India, a government-sanctioned think tank. He had observed that taxing agricultural income above a certain threshold centrally could be an effective way to broaden the country's tax base.

However, both the Finance Ministry and the think tank said that the remarks did not constitute policy and were Debroy's personal views.

In a statement released on April 26, Finance Minister Arun Jaitley said: "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."

TAGS: tax | India | government committee | law | corporation tax

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