As per the current Income Tax law, 1) Any Income from Agriculture is Exempt from Tax. 2) Any gains arising from sale of Rural Agricultural Land is Exempt from Capital Gains. Politically, 1) Loans to Farmers are waived off every now and then to the tune of tens of thousands of crores frequently. 2) Farmers and poor people get extremely cheap ration of food and essentials. 3) Guaranteed purchase and minimum pricing support from Government for the sale of crops. Now, The most important receipt in any budget of Government in India Tax - 80% value. This tax whether direct and indirect tax - the lion's den comes from the 8 or 10 Metro Cities in India. My Questions, a) Does Urban India get a fair share of what productivity and taxes it generates? b) Will taxing the farmers make them productive and accountable for their own? As Trump says it, you should not be shortchanged.