AIRLINK 73.95 Decreased By ▼ -0.30 (-0.4%)
BOP 5.11 Increased By ▲ 0.06 (1.19%)
CNERGY 4.42 No Change ▼ 0.00 (0%)
DFML 37.80 Increased By ▲ 1.96 (5.47%)
DGKC 90.30 Increased By ▲ 2.30 (2.61%)
FCCL 22.63 Increased By ▲ 0.43 (1.94%)
FFBL 32.95 Increased By ▲ 0.23 (0.7%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.83 Increased By ▲ 0.03 (0.28%)
HBL 115.97 Increased By ▲ 0.07 (0.06%)
HUBC 135.39 Decreased By ▼ -0.45 (-0.33%)
HUMNL 9.88 Increased By ▲ 0.04 (0.41%)
KEL 4.62 Increased By ▲ 0.01 (0.22%)
KOSM 4.76 Increased By ▲ 0.10 (2.15%)
MLCF 40.60 Increased By ▲ 0.72 (1.81%)
OGDC 138.11 Increased By ▲ 0.21 (0.15%)
PAEL 26.55 Increased By ▲ 0.12 (0.45%)
PIAA 25.96 Decreased By ▼ -0.32 (-1.22%)
PIBTL 6.75 Decreased By ▼ -0.01 (-0.15%)
PPL 123.52 Increased By ▲ 0.62 (0.5%)
PRL 26.92 Increased By ▲ 0.23 (0.86%)
PTC 14.05 Increased By ▲ 0.05 (0.36%)
SEARL 59.17 Increased By ▲ 0.47 (0.8%)
SNGP 70.88 Increased By ▲ 0.48 (0.68%)
SSGC 10.40 Increased By ▲ 0.04 (0.39%)
TELE 8.66 Increased By ▲ 0.10 (1.17%)
TPLP 11.20 Decreased By ▼ -0.18 (-1.58%)
TRG 64.41 Increased By ▲ 0.18 (0.28%)
UNITY 26.13 Increased By ▲ 0.08 (0.31%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,854 Increased By 15.9 (0.2%)
BR30 25,541 Increased By 81.2 (0.32%)
KSE100 75,148 Increased By 216.9 (0.29%)
KSE30 24,184 Increased By 38.4 (0.16%)

It is a matter of shame and insult to all honest taxpayers in the country that the agri tax collection by the provinces remains profoundly poor. According to finance minister Ishaq Dar, only Rs 700 million have been collected in Punjab while Rs 300 million in Sindh. Dar said that such a low collection by a sector that has 21 percent share in the GDP is a matter of concern.
Showing his helplessness that the provinces are not ready to authorise federal government to impose tax on agriculture income, he plausibly argues before the Senate Standing Committee on Finance with Senator Nasreen Jalil in the chair to discuss the proposals of members for recommendations in Finance Bill 2014, that it would be a violation of Constitution to collect tax on agriculture income through Finance Bill. This leads to a profound question: What is the solution? Unfortunately, however, there seems to be no solution in sight in a society that is blight by a culture of defeat.

Copyright Business Recorder, 2014

Comments

Comments are closed.