No plans to tax agriculture income, Centre cannot: Arun Jaitley
The Centre has no constitutional authority to tax agricultural income
New Delhi: The government has no plans to impose any tax on agricultural income, Finance Minister Arun Jaitley said on Wednesday putting to rest recent speculation on a politically sensitive issue.
"I categorically state that the Central government has no plan to impose any tax on agriculture income," Jaitley said in a tweet, clarifying that the Centre has no constitutional authority to tax agricultural income.
Niti Aayog member Bibek Debroy had said on Tuesday that taxes should be imposed on agricultural income above a certain threshold in order to expand the tax base.
"On expanding the base on the personal income tax side, other than elimination of exemptions, is to also tax rural sector, including agriculture income above certain threshold," Debroy said.
The NITI Aayog in a statement on Wednesday said that Debroy's suggestion is neither the view of the Aayog "nor is such a recommendation made anywhere in the Draft Action Agenda document as circulated to the Governing Council at the meeting on 23rd April 2017."
"NITI Aayog notes that the views on taxing farm income expressed by Member Bibek Debroy were personal and not those of the Aayog," it added.
Public welfare budget dedicated to overall development of Uttar Pradesh, says Chief Minister Yogi Adityanath
Uttar Pradesh's finance minister Suresh Kumar Khanna said the budget would be for the welfare of the people and according to the BJP's 'Sankalp Patra' (election manifesto)
Finance minister Nirmala Sitharaman had also stated that the government will give Rs 200 per cylinder subsidy to the poor who got cooking gas connection under the Ujjwala scheme
Congress accuses Nirmala Sitharaman of 'befooling' people, says people need relief instead of 'jugglery of figures'
The opposition party demanded that the finance minister show courage and roll back excise on petrol and diesel to the level it was under the UPA in May 2014