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Reserve Bank Monetary Policy Committee (MPC) member Ashima Goyal has suggested the possibility of imposing income tax on wealthy farmers to...

Taking it to Twitter, the Congress leader wrote: "Modi's "most extensive" budget consultation ever, is reserved for crony capitalist friend...

Since the government is already working to stop tax evasion through agriculture, will it also move to bring rich farmers in the tax net?

ET Wealth reached out to experts to see if they feel the government should bring agricultural income under the tax net.

The income tax department has shortlisted for scrutiny nearly 50 persons with suspicious farm income more than Rs 50 lakh each.

Jalan, however, added that a very large proportion of the population has small farms and we should not do anything which can hurt them.

The Finance Minister eased fears, following comments by a member of the NITI Aayog that farmers should be liable to pay tax on their income...

"Nothing prevents state govts from taxing agriculture income. The constitutional restriction is on central govt taxing agriculture income,"...

Various committees over the years have advocated widening of the tax base. The govt could explore three potential avenues. But will it?

Taxing rich farmers is politically dangerous. Many political leaders come from a farming background and have considerable land holdings.

Lauding Budget 2013, Congress dismisses criticism from Opposition and some allies that it was "anti-farmer and anti-poor".

This is one issue the Left wants the government to give the green signal to but will make millions across the country see red.