The auditor's report on direct taxes for the year ended March 2018 focused on exempt income - both agricultural and that which is earned by charitable trusts. CAG has recommended that the I-T department reexamine all cases where agricultural income exceeds a certain threshold - say Rs 10 lakh - to ensure that exemption is allowed only to genuine taxpayers.
from The Times of India https://ift.tt/314UH6o
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