Question

In September 2020, the Parliament of India passed three ‘Farm Bills’, i.e. the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 and the Essential Commodities (Amendment) Act, 2020. Which of these subjects are NOT dealt with in any of the three legislations ?

• A. Selling of produce outside Agriculture Produce Market Committees
• B. Contract farming
• C. Removal of income tax exemption granted to agricultural income
• D. Restriction of situations in which supply of foodstuffs can be regulated

Answer 1

Answer: (C)

Removal of income tax exemption granted to agricultural income

Answer 2

The correct option is (C) : Removal of income tax exemption granted to agricultural income.