QUETTA: The government has imposed Agricultural Income Tax (AIT) on income from agricultural activities, says the budget document issued here Wednesday.
It said that all income from agriculture above Rs 80,000 per year is subject to AIT which is being levied on land holdings of above 12 and a half or 25 acres for irrigated and non irrigated cultivated land respectively.
The target for the financial year 2015-16 was missing admitting that levying a tax is easy but “its assessment and collection is very difficult”.
