The Comptroller and Auditor General of India (CAG) has recommended that the income-tax 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. CAG found that agricultural income of nearly Rs 500 crore was allowed as exempt without adequate verification.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/314X2yc
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