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Ahmad Raza

Economics of Land Reform

Vol. 9, Issue No. 18, 04 May, 1974

Reviews

Ahmad Raza

cluded a programme of"Garibi Hatao" or "Lucha Contra la Fobreza" (struggle against poverty). He also promised to halt inflation, increase wages, strengthen the social security system for the workers, and the inevitable land reform. But in less than two years he had to call in the army to maintain his faltering regime in power

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Partial Integration of Agricultural and Non-Agricultural Incomes-A Suggestion

Vol. 8, Issue No. 24, 16 Jun, 1973

Special Articles

Ahmad Raza

and Non-Agricultural Incomes A Suggestion THE disparate treatment of agricultural and non-agricultural income for the purpose of income-tax creates ,a strong temptation for the assessees to masquerade their income earned otherwise as gains from agriculture so as to avoid tax liability. It is in realisation of this that the Raj Committee on Taxation of Agricultural Wealth and Income recommended the scheme of partial integration of agricultural and non-agricultural income for determining the rate of tax applicable to non-agricultural income. The scheme has since been accepted by the government. Under the scheme, both the agricultural and the non-agricultural components of income are aggregated and the tax on the non-agricultural component is levied as if it were placed in the top slab of the aggregate income. The scheme is justified on the ground that it will (i) ensure that the tax burden on assessees with similar income does not differ sharply merely because of the fact that part of it is derived from agriculture; and (ii) curb the temptation to dress up a large chunk of taxable income as income of agricultural origin.