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Agricultural loophole allows people to save black money

As Per Law No Tax Is Imposed On The Earnings From Agricultural Land, This Turned Out To Be One Of The Biggest Loopholes In System Which Has Allegedly Given Birth To Greatest Scam In Indian History.

News Nation Bureau | Edited By : Ankit Pal | Updated on: 13 Mar 2016, 06:28:20 PM
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New Delhi:

As per law no tax is imposed on the earnings from agricultural land, this turned out to be one of the biggest loopholes in system which has allegedly given birth to greatest scam in Indian history.

From the day people started learning that government is taking substantial action against those who were banking upon black money, they figured out this loophole in agricultural law with a window to transform black money into white.

Following are the statistics of how sudden growth was registered in number of farmers and their income; the figures have been revealed in RTI.

Apparently, people claimed themselves as farmers and did a fraud with nation to fill up their pockets.

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First Published : 13 Mar 2016, 06:25:00 PM