Clearly, if the income of farmers is not adequate, they cannot be brought under the net of taxation as per rules governing the Income Tax Act. So, I is not strong. Besides, a major part of the population is dependent on agriculture and such a large section, if taxed even with certain concessions, would draw in huge funds, into the government coffers. Also, many big landlords with substantially high incomes from agriculture are taking undue advantage of this benefit. So, both arguments II and III hold strong.
