While tweaking income tax rates would address a long-standing grievance of the salaried class, it is the agrarian crisis that has been allowed to fester for long
Blanket exemption encourages tax evasion with the cloak of agricultural activity beckoning charlatans and crooks. The mushrooming growth of farm houses on outskirts of metros is largely explained by this factor
Due to its exempt status, agricultural income has been seen as a loophole being used by many wealthy to evade income tax
The Centre has no constitutional authority to tax agricultural income
Surely, you cannot have a country where one section of people can make money from agriculture, while another (significantly larger) section cannot
Indeed the success of the demonetisation scheme hinged on the follow up amnesty scheme, the one that exacted a stiff price from crooks
The government could have unearthed a lot more black money and filled its coffers with much more money had it just followed up on the accounts filed by around 8 lakh assesses.