No income tax on agricultural produce for next 2 fiscal years in Bengal, India

Published 2023년 3월 7일

Tridge summary

The West Bengal government has decided to exempt farmers from paying income tax on any agricultural product for the next two fiscal years, and has also withdrawn two types of cess on raw tea leaves. The Finance Bill, presented by Finance Minister Chandrima Bhattacharya, also includes a detailed scheme to resolve issues related to tax arrears to facilitate sales tax payers. The government also intends to fill thousands of vacancies in several departments, including minorities and agriculture.

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Original content

Kolkata: The West Bengal government has decided that farmers will not have to pay income tax on any agricultural product for the next two fiscal years, Finance Minister Chandrima Bhattacharya said on Monday. The state government has also announced the withdrawal of two types of cess on raw tea leaves for the period. Presenting the Finance Bill in the assembly, Bhattacharya said the current exemption period for agricultural income tax ends on March 31. She also said that the state government has taken up a detailed and convenient scheme to resolve issues related to arrears of tax to facilitate sales tax payers. In her budget speech on February 15, Bhattacharya had said without ...

Source: Economic times