Is Agriculture Business Taxable?

Is is Agriculture Business Taxable a topic you are researching? Find out expert analysis in our feature story.

Agricultural income was taxed till 1886. It encourages laundering of non-agricultural income as agricultural income. e.g In 2014-15, a company made profits of Rs 215 crores, but claiming the agricultural income exemption, it paid no tax. Hence there must be a unified system of taxation across states.

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Marcus Vance

Marcus Vance

Marcus Vance is a cybersecurity auditor and technology writer dedicated to educating the public about online safety, data privacy regulations, enterprise security, and emerging cyber threats.

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