The minister said the government will act tough against those found to holding illegal offshore accounts. PTI
- Jaitley warns of action against tax evasion
- 18:51 HRS IST
- New Delhi: Finance Minister Arun Jaitley today warned of action against those passing off income from other sources as agriculture income but ruled out levying any tax on farm earnings. Replying to the discussion on the Finance Bill 2016 in the Lok Sabha, he also ruled out withdrawal of the 1 per cent excise duty on non-silver jewellery, a demand that was made by opposition Congress and ruling NDA constituent Shiv Sena.