Punjab employees asked to show income from agri in I-T returns
The Punjab Vigilance Department on Thursday cautioned all government employees to "properly" show the income from agriculture in their income tax returns.chandigarh Updated: Mar 05, 2015 18:00 IST
The Punjab Vigilance Department on Thursday cautioned all government employees to "properly" show the income from agriculture in their income tax returns.
According to an official release here, it has been noticed that some employees/officers were not following instructions in this regard.
"According to the Income Tax Act, income received by employee/officer is not exempted from income tax as this exemption is available only to those who are engaged in agriculture as a full-time profession," the release further said.
It also said that for the government employee, the income from agriculture has to be included in their salaries and would be classified as standard deduction.
It further mentioned that failure to disclose income from agriculture would amount to concealment of income and would invite action as per law.
"Some government employees are not showing income from agriculture in their income tax returns citing a logic that this income is tax free," the release said, adding that instructions have been issued to all heads of departments to inform their employees to include agriculture income in their gross income.