Niti Aayog proposes tax on farm income above a threshold

Niti Aayog proposes tax on farm income above a threshold

Federal policy think-tank NITI Aayog has proposed bringing agricultural income within the personal income tax net, to broaden the tax base and thereby enable the government to reduce the tax rate. It however clarified that since taxing agriculture income was politically sensitive, the think tank will finalise the draft document only after it received responses from the state governments.
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