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

Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236