bhanu (Student) 10 May 2011
We have a agricultural land and I am thinking about doing Farming of Teak Trees and Goat Farming simultaneously on the land.
What are the corresponding taxation, as , i think there is no income tax on farming.
Also , the government of India also gives subsidy for goat farming, what are the procedures and entitlements.
Bhanu Pratap Singh
+91-7503207381
karinabartram (klhgy5ryt) 10 May 2011
Tax farming is the principle of assigning the responsibility for tax revenue collection to private citizens or groups. Tax farming occurred in Eygpt, Rome, Great Britain, and Greece. The principle was considered very effective for tax revenue collection but suffered from a tendency of the tax-farmers to abuse the taxpayer for collection.
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karinabartram (klhgy5ryt) 10 May 2011
| Originally posted by :karinabartram | ||
| " |
Tax farming is the principle of assigning the responsibility for tax revenue collection to private citizens or groups. Tax farming occurred in Eygpt, Rome, Great Britain, and Greece. The principle was considered very effective for tax revenue collection but suffered from a tendency of the tax-farmers to abuse the taxpayer for collection. ________________________ Miami Real Estate Attorney | Real Estate Attorney Miami |
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bhanu (Student) 10 May 2011
I was asking about tax on farming and not tax farming per se
The tax on farmers if they go for tree plantation, that is plantation farming, is the issue which i wanted to bring out through this forum
Throw some light on the same
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