International Journal For Multidisciplinary Research

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The Taxation of Agricultural Income in India

Author(s) K.V. SRIDHAR GOLAGANI
Country India
Abstract In India, taxation constitutes a major portion of the government's revenue. But it is not levied on the agriculture sector, which comprises around 44% of the total workforce. So this research paper tries to answer the five questions: Can agricultural income be taxed? How will it be implemented if it is taxed? Progressive taxation or a fixed tax ceiling? Why is agricultural income wholly exempt from the Indian Income Tax Act? What are the benefits and threats of this implementation? How are people leveraging this exemption for their needs?
Field Sociology > Economics
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-04-05
DOI https://doi.org/10.36948/ijfmr.2024.v06i02.16429
Short DOI https://doi.org/gtp8j4
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