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