No plan to tax agricultural income; rich farmers very rare: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous farmers, saying a rich farmer is “a very rare institution” and not the norm. In an interview to PTI, he said the farm sector is in distress and there was no question of taxing agricultural income.
Stating that the agriculture sector is under distress, he said farm holdings are very small in size.
“The rich farmer is a very rare institution. It is not the norm. It is only a rare exception and therefore, at a time when you need to support agriculture because of the distress, this is hardly the time to deflect the issue and start taxing agriculture. This is not the time. They are under distress,” he said.
The finance minister said farmers should be helped and not taxed. “The government is very clear (on that),” he added.
“In any case, the Central government has no power. It is the power of state governments (to tax farm income) and my own view is none of the states is going to do it,” he said.

- Advertisement -