In this article we will discuss about the proposals of Raj committee for additional taxation on agriculture. Imposition of agricultural taxation has always been a source of controversy between the centre and the states. The central government appointed the committee on taxation on agricultural wealth and income under the chairmanship of Dr. K.N. Raj in February 1972 to examine the [...]
In this article we will discuss about Raj committee’s recommendation regarding additional taxation and agriculture. 1. Agricultural Holding Tax (AHT): The most significant and Nobel recommendation of the Raj Committee was the one pertaining to the Agricultural Holdings Tax. The Committee has found 2 basic defects in the present land revenue system; (i) The incidence of land revenue, relation to [...]
In this article we will discuss about the arguments for and against additional taxation. Arguments for Additional Agricultural Taxation: (1) Raising the Marketable Surplus: In the words of Prof. Kaldor. The taxation to agriculture has a critical role to play in the acceleration of economic, development since it is only the imposition of compulsory levies in the agricultural sector itself [...]