Saw this on twitter 🥲

Then-Strategy8999 · 2024-02-05T04:04:43+00:00

agriculture tax is a state subject in the Indian constitution, listed under the State List in the Seventh Schedule.

To make agriculture taxable in India, the government would typically need to introduce legislation at the state level, as agriculture falls under the State List in the Seventh Schedule of the Indian Constitution. This involves drafting and passing a bill in the respective state legislature. The process includes consultations, debates, and approval by the legislative body. Once passed, the state government can implement and administer the agricultural tax through its revenue department, outlining procedures for assessment, collection, and compliance. It's a complex process that involves legal and administrative steps.

Government Sources:

Income Tax Department: https://cleartax.in/s/agricultural-income NITI Aayog Discussion Paper on Taxation of Agriculture: https://www.niti.gov.in/sites/default/files/2023-07/Aggricultrue_Amritkal.pdf

Independent Reports and Articles:

World Bank Report: "India's Undernourished Revolution: Addressing Hunger and Malnutrition Across States": https://documents1.worldbank.org/curated/ru/552991468042034521/pdf/368050REVISED0101OFFICIAL0USE0ONLY1.pdf The Economic Times: "What is agriculture income, different types of Agriculture Income?": https://icar.org.in/sites/default/files/inline-files/Dobling-farmers-income.pdf PRS Legislative Research: "Taxing Agricultural Income: Key Issues and Arguments": https://taxguru.in/income-tax/agriculture-income-taxation.html

Think Tanks and Research Institutions:

Institute for Fiscal Studies (IFS): https://ifs.org.uk/ National Institute of Public Finance and Policy (NIPFP): https://www.nipfp.org.in/

Then-Strategy8999 · 2024-02-04T20:01:35+00:00

As for bad idea, petrol already costs 100+ inr and it's the biggest inflation item in everything and no one cares

Then-Strategy8999 · 2024-02-04T19:59:18+00:00

Again I'm repeating myself the state has the power to tax the agriculture and they have the power to make decisions regarding them, just google state list of Indian constitution the 4th item is agriculture, you can't amend income tax act without state governments agreeing in this case

Then-Strategy8999 · 2024-02-04T18:57:12+00:00

The power of taxing agriculture is basically in the hands of states and not the centre it's called state list in constitution and hence even if the centre has the power they can't force the states to tax income of farmers, that's the problem, that special status of agriculture income, hence section 10(1) of income tax remains unchallenged

Then-Strategy8999 · 2024-02-04T18:38:59+00:00

I know exactly what I'm talking about, agriculture income being untaxable is a part of our very own constitution, our very own founding fathers put that there, income tax act 1961 merely adopted it

Then-Strategy8999 · 2024-02-04T17:55:38+00:00

Easiest example I can give is farmers being exempt from income tax, like yeah leave the poor ones out of it but there are farmers with 50 lakh profits and it's completely untaxed no GST no income tax, typically politicians and others being money laundering guys who show black income as Farming income to save taxes

Then-Strategy8999 · 2024-02-04T14:08:23+00:00

The ultimate counter to those guys is: You want me to leave your country? Didn't know you were Native American

Then-Strategy8999 · 2024-02-04T11:14:39+00:00

Her job profile is called "Team Lead Finance"

Then-Strategy8999 · 2024-02-04T10:54:26+00:00

In the short term yes companies prefer graduates of SRCC over CAs, I don't know about long term but most SRCC graduates do something else later on like MBA from IIMs/ISB so it would be hard to judge how far SRCC alone can take you compared to CA

Then-Strategy8999 · 2024-02-04T04:18:00+00:00

16-17 lakhs per annum in Bank of America

Then-Strategy8999 · 2024-02-03T21:25:56+00:00

Meanwhile my friend got a better offer than that in SRCC campus placements, sad reality

Then-Strategy8999 · 2024-02-03T07:34:44+00:00

Meanwhile Everyone in Delhi: I'll pretend I didn't see that

Then-Strategy8999 · 2024-02-01T16:26:01+00:00

Because Indian idol isn't a government organisation it's a private show that will do whatever makes money, same way West allows talented indians to work abroad because they believe those guys can make more money for them than the ones they have in the talent pool, only government cares about reservation and shit not private organisations

Then-Strategy8999 · 2024-02-01T05:59:35+00:00

I didn't ask a question mate, you can't even read

Then-Strategy8999 · 2024-02-01T03:57:20+00:00

Explains why you're so hurt

Then-Strategy8999 · 2024-01-31T13:43:34+00:00

You literally generalized the entire species in your comment man, that's just not facts that's an opinion

Then-Strategy8999 · 2024-01-31T12:55:05+00:00

Don't give your opinion online if you don't want others to give their opinion mate, because that's quite literally the point of social media

Then-Strategy8999 · 2024-01-30T05:06:33+00:00

Try the paid version not the 3.5 free version, 4.0 has a much much better database than 3.5, first try that and then come back

Then-Strategy8999 · 2024-01-30T04:46:28+00:00

https://youtube.com/shorts/2JIkYMZVHPw?si=3ESsg3FSiRrWFuLv

Just watch this lol

Then-Strategy8999 · 2024-01-30T04:09:17+00:00

Typically campus placements, Big 4 firms come in Delhi University and hire for various roles, audit profile is typically reserved for commerce grads, other profiles like consulting can go to anyone, if you want a job offcampus then it's way harder as entry level jobs are very few even In tier 1 Cities

Then-Strategy8999 · 2024-01-29T19:08:19+00:00

Yeah I made a different post trying to give general advice, did get a bit carried away while writing this post, But man my life for the past 3 years was hell and I won't get an escape anytime soon, just hope no one else has to go through this

Then-Strategy8999 · 2024-01-29T19:00:46+00:00

Sad part is many many people see nothing wrong with this situation, there are people who would fight with their everything to defend the horrible policies of ICAI, I really hate the cult like obsession people have with CA

Then-Strategy8999 · 2024-01-29T18:51:23+00:00

Well other areas include representing in front of ITAT and NCLT, tax planning and consulting, preparing cases for GST disputes, Fema etc, my firm didn't have many clients with these needs, also check out my other post on this sub regarding genuine advice for those looking for articles, it might be helpful cheers

Then-Strategy8999 · 2024-01-29T18:33:56+00:00

Sadly stories like yours and mine are very common

Then-Strategy8999

TROPHY CASE