Bengal FM Chandrima Bhattacharya: Farm Products Won't Be Subject To Income Tax For Next Two Fiscal Years

According to Finance Minister Chandrima Bhattacharya, 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.

For the time being, the state government has also announced the removal of two types of cess on raw tea leaves. Bhattacharya stated in the assembly while presenting the Finance Bill that the current exemption period for agricultural income tax ends on March 31.

She also stated that the state government has developed a detailed and user-friendly scheme to resolve tax arrears issues in order to assist sales taxpayers.

Bhattacharya stated in her budget speech on February 15 that income tax exemption on agricultural produce will be maintained without the imposition of new taxes.

According to official sources, the West Bengal government has also decided to fill thousands of vacancies in various departments, including minorities and agriculture.

PTI

Also Read:-

Minister JP Dalal: More Private Firms Must Invest In Cooperatives 

Prevailing Summer- PM Modi Assists Preparedness In Meeting

SKUAST Hosts Seed Mela To Support Kashmir’s Agriculture Sector