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The ‘Jayanthi Tax.’ Streamlining mandatory third party cover Plummeting profits of PSBs Vibrant Gujarat Auto components surge… Tough task taking states together Solar thermal shines… Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Come elections, come advertisements... Dr C Rangarajan returns to Chennai Adapt Vajpayee dinner diplomacy All eyes on Sankara Nethralaya A more liberated TN… Paytm karo... Tribute – Manikam Ramaswami New IT products of Ramco in the pipeline… When online building permits work…. The Gulf aviation boom Modi storms Silicon Valley CII projects higher growth… When Ratan Tata visited SRM MHC should not return to its old indisciplined ways Tribute A C Muthiah – his munificent bequeaths to science A Grand Finale for SN’s MS centenary at the US… Things happen by accident and not by design... Build close rapport with business leaders …and of a popular trade leader PC’s preference for professionals A rich pool of talent not utilised…. The Jan Dhan bonanza Poor quality of university VCs Liberal imports idling indigenous capacities B H Kothari - a tribute A welcome initiative by the judiciary He saved millions from starvation... Mersal magnified Airlines in India: cost and space Kulandai was a giant Readers' Mail Building loyalty through the stomach SoA @ 80 Shale gas and its shallow future Funding the un-funded GNS - 100: our first subscriber Where a state respects its litterateurs… Solar, solar everywhere … Breaththrough in malaria control CRS, a jewel among managers, is no more. An enemy’s enemy is a friend WTO Meet: resolved to meet again A glass full of corruption Fuel for thought TN-leverage strength of BHEL, NLC... Welcome GST Gay abandon in pricing Delhi is distant Align crops to agro climate endowments… Noble nonagenarians... Making ‘my Amaravati’... Shipping woes of Chennai companies Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Muffled voices for merit… How Air-India loses customs... Rs.1600 crore paper board plant of TNPL Delhi Chalo... Small units prefers to remain small... The few handicaps... EEC at the National Media Centre Revving up the manufacturing sector Alexa – Talking Wikipedia An inexplicable neglect TELANGANA at last…BUT Computation of GDP – conundrums continue Five star activism stalls development activity L&T- the specialty of special purpose vehicles GM Technology at last! The balancing act Which side are you, Montek? Colour-Chem’s colourful KRVS A Grand Finale for SN’s MS centenary at the US… Convulsions in The Hindu The brown list of Venkitaramanan More Shakti to resource mobilisation... Make standards certification mandatory... Diamond jubilee of Egmore Samskrt School Tatas moving out of urea production... S Ramanathan – a versatile musician, musicologist More tributes to GR Bihar – Nitish Kumar adopts the Lalu model Contrarian cousins TIAM turns a full cycle Wise Presidents IPL type auction for VCs? Protest masters... The star of Spencers is no more CIPET hqrs to stay at Guindy – for the present? Whistle-Stop Tour of Raghuram Rajan Tatas moving out of urea production... IPL - no surprise this scam Demise of a media baron... Tax agriculture Remembering Indira Sivasailam... Quality silica from Neyveli He continues the focus on social amelioration Lesson from Chandrababu Naidu Sri Lanka votes for change Recognition to role of NBFCs.... Lalu’s envy, India’s pride Shanti and Sadhana through Music Marketing expert Balagopal is no more Measuring roof tops in terms of KW/MW A yen for wastage… Reliance’s TV – 18 ready to launch Tamil News Channel Tribute – UCAL Selvan… No Maha Koottani in TN... Quality education through the PPP mode West Bengal: mindless malignancy Delhi returns to BJP Increasing non co-operation of state leaders Godspeed, Chief Minister JJ Tihar, Puzhal not different from Parappana Agrahara When nations steal growth from one another… Don’t seem to feel the pulse… EVM is tamper-proof Adharma of opposition politics Revive development banks... Wanted: a second airport for Chennai Online not in line with brick and mortar businesses... Naidu will soon build a new Hyderabad Engineering seats go abegging The rise and fall of Annamalai University When small is no larger beautiful.. When TN politicians can emulate Kerala's Boy, can you beat these? The sea- saw battle continues... Put expensive assets created to use... Should we change the official year? Discoms deserve better… A think tank for Chennai Sweet news for TN sugar mills Return to king coal for urea... Parliament in paralysis... Fall in crude prices help in oil sector reform For whom the bell tolls? An informal presentation - analytical, forward locking... Cement prices continue to rise… Cutting the nose to spite the face Intellectual of rare qualities A friendly business group L&T: focus on infrastructure and more infrastructure… Modi and the lady PPP mode for upgrading Corporation Hospitals Silver Years of Madras Musings to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Shaming of Tamils by Tamil farmers at Delhi Preserving for the future Of course, Gujarat is vibrant Strengthen the base... R Sridhar steps down as CEO of Shriram Capital Tribute – M V Murugappan Why land prices zoom in TN? Permanent secretariat for TN GIM More Shakthi to Das’ elbow A proud Madrasi Inflation: are we emulating Argentina and Brazil? Not just in-laws (and outlaws); they’ve renowned academics at the helm! Medical costs hit the roof... Secularism and anti-Hinduism Polls and promises Editor's Notes TN accounts for the largest recruits by the IT sector Mu Sigma – is no more Pharma – overdose of copying Road development slows down Sweeter prospects for sugar Fortune for Indian Airlines Kudos to NDTV... Haul over the coal Air Asia India will set new benchmarks for budget travel Fortune 500 review CSR and CMI: promise of another Srinivasan Ramanujan... TN – agglomerate land holdings without alienating ownership F C Kohli - his concerns all embracing A professional at the helm of IRDA... Excel Generators provide the vital back-up London, London Narayan The Swadeshi Trump ONGC at KG Basin Welcome thrust on trade in Modi’s foreign visits... Why this malaise in medical education? Rahman at CIC Editor's Says The nuclear option This scant respect for Law Russi Mody – a tribute Welcome focus on core competence Maximising the micro pricing … The rise and rise of KCP Land reclamation from sea appears cheaper! Odisha: spectacular win by Naveen Patnaik Roaring Ro-Ro facility No engine for this car Where is Rajaji? Gas is the way forward Like Hinduism: many paths to reach God... Another Indian music maestro at the UN Waning interest in public discussions… Valli, they are more marginalised When the President was rendered homeless… There was flood of milk. Reason: no milk commissioner! S V Raju – a ‘good’ true liberal Moily’s bold thrust Multi-faceted Venkat Scientists urged to take up farmer-oriented research Limit foreign borrowings to hi-tech, export potential projects... The Ports’ Pasha expands into Tamil Nadu Towards speedy justice No mega rail project for Tamil Nadu The ‘Ayyo-yes’ is no more Eternal support for capitalisation of PS banks Bihar elections - the Rajaji formula worked Insurance companies bleeding, yet no decision on increasing FDI limit! The why of tax incentives Naidu’s return augurs well for Seemandhra Welcome changes that testify to Jayalalithaa’s return to health More heat than light Banning booze... Kinetic Karnataka Cleaning Ganga – relocate tanneries and install electric crematoria Focus on quality of power - its only around 170-180V Poor representation for Kerala and TN in Cabinet Robber barons everywhere The power-full Hindujas For whom the MIDS bell tolls? Nuclear power at the nucleus China invests in India Infrastructure funding – lessons learnt Padma Bhushan for A Ramakrishna TGS- The king storyteller Telangana in top gear… Music happens IAS invades NDDB... Delhi is distant…
 
Tax agriculture

NITI Aayog member Bibek Debroy and Chief Economic Adviser Arvind Subramanian have been favouring tax on agricultural income. IE has been advocating this for long. The exemption for agriculture has been resulting in prosperous business sections acquiring agricultural assets (land to a great extent) and often use this for manipulating tax returns. Jayalalithaa, for instance, had shown in her affidavits in the disproportionate assets case, huge incomes coming from her orchards in Andhra Pradesh. 

Just look at the pathetic state of tax payments: hardly around three crore, of the 126 crore population, file tax returns. Of this less than half, around 1.5 crore, pay income tax. One notices large sections of land-owning gentry merrily showing losses on agricultural operations; it is so difficult to keep track of the income and expenditure on such transactions.  Of course, agriculture being a state subject taxing it is under the jurisdiction of the states and since the farming community is a significant constituent of the vote bank, state governments are wary of taxing this sector. 



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