Avantisteam Reported PM Kisan beneficiaries: Govt to share taxpayers' informatio... - Jonathan Cartu CPA Accounting Firm - Tax Accountants
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Avantisteam Reported PM Kisan beneficiaries: Govt to share taxpayers’ informatio…

PM Kisan beneficiaries: Govt to share taxpayers' informatio...

Avantisteam Reported PM Kisan beneficiaries: Govt to share taxpayers’ informatio…


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Govt to share taxpayers’ information with I-T dept for PM-KISAN scheme &nbsp | &nbspPhoto Credit:&nbspBCCL

New Delhi: In order to ensure the exclusion of non-eligible beneficiaries of PM Kisan scheme, the Finance Ministry has allowed sharing information about income tax assessee.

Usually, the I-T Department does not share information about individual taxpayers, however, there is one section of the Income Tax Act, 1961 that enables exceptions.

It has allowed the Joint Secretary (Farmers Welfare) in the Department of Agriculture, Cooperation, and Farmers Welfare in the Ministry of Agriculture and Farmers Welfare to get information regarding income tax assessments for identifying the eligible beneficiaries under the PM-KISAN Yojana.

The government notification stated that “In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, the Central Government hereby specifies Joint Secretary (Farmers welfare), Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Government of India, for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying the eligible beneficiaries under PM-KISAN Yojana.”

The PM-KISAN scheme provides Rs 6,000 per year in three instalments as income support to all landholding farmers for meeting agriculture and domestic-needs-related expenses.

Affluent farmers have been excluded from the scheme, such as income-tax payers in the previous assessment year, professionals like doctors, engineers, lawyers and chartered accountants who also do farming and pensioners drawing at least Rs 10,000 per month.

As of February 2020, the government has released more than Rs 50,850 crores benefitting 8.46 crores farmer families. The scheme covers a total of 14 crore beneficiaries as per estimates of the Agriculture Census 2015-16.

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