Centre has no plan plan to impose tax on agri. income: Jaitley

Speed Post News Network

New Delhi : The central government has no plan to impose any tax on agriculture income, according to a PIB release. Union Finance Minister Arun Jaitley’s statement on the subject to impose tax on agriculture income said, ” 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.”