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According To Kelkar Commitee :-
The exemption to agriculture income “distorts both horizontal and vertical equity” and “encourages laundering of non-agricultural income as agricultural income, i.e., it has become a conduit for tax evasion”.
In 2019, a report published by the CAG, studied a sample of 6,778 cases out of 22,195 scrutiny assessments carried out by the income tax department during 2014-15 to 2016-17, of those who had an agriculture income claim of more than ₹ 5 lakhs. The agricultural income of ₹ 3,656.25 crore were claimed in these 6,778 cases of which ₹ 2,544.21 crore were allowed. The CAG report observed that:
Out of the ₹ 3,656.25 crore, 57% was claimed by companies and 37% by Individual assessees Exemption on agricultural income was granted in 22.5% of the cases without adequate documentation and verification and agriculture income allowed was worth about Rs. 500 crore in these cases,
In 10.6% of the cases, land records were not available with the department
In 18.7% of the cases, proof of agricultural income was missing Data Entry errors were observed in 11% of the cases
Further, mistakes in levying interest, incorrect allowances of business expenditure, errors in computation of the income etc. were also observed
Source :- TaxGuru.in & CAG Report/ Internet Articles
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