So-called farmers to face Income Tax assessment

Ahmedabad

So called farmers may face Income Tax assessment soon.

Central Board of Direct Taxes(CBDT) has ordered assessment of tax payers who have shown above Rs 1 crore income from agriculture.

Most of such so-called farmers are industrialists, politicians and officers of state and central government.

They are suspected to show money gained from other means as agriculture income.

The Income Tax department has prepared a list of 444 tax payers who have shown more than Rs 1 crore income from agriculture during 2007-2015.

Purchase of seeds and fertilizers, source of water used in farm, type of crops cultivated and revenue from that, market rate of crops in respective year are some details that are going to be part of inquiry.