4 min read.Updated: 04 May 2017, 02:58 AM ISTLivemint
The political establishment must move beyond a reflexive rejection of the very concept of agricultural tax
In 1925, the Indian taxation enquiry committee noted, “There is no historical or theoretical justification for the continued exemption from the income tax of income derived from agriculture. There are, however, administrative and political objections to the removal of the exemption at the present time." Almost a century later, both parts of that observation still hold true.
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