In India, agricultural income is completely tax-free, and farm goods attract minimal GST.
Wealthy individuals are purchasing farmhouses to declare income from selling vegetables, fruits, or milk, thereby saving significantly on taxes.
Investment banker Sarthak Ahuja explains how this legal loophole allows the rich to avoid paying high taxes. Business Today
Why this matters: This trend highlights disparities in the tax system and raises questions about tax equity and policy loopholes.
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