<h1>TARC Proposes Tax Reforms: Target Large Farmers with Rs. 50 Lakh+ Income to Boost Revenue, Enhance Taxpayer Equity.</h1> The Tax Administration Reforms Commission (TARC) has proposed various reforms aimed at enhancing efficiency and equity in tax collection. Key recommendations include introducing a customer-focused approach for taxpayers and segmenting them to curb tax evasion. Notably, TARC suggests taxing large farmers with annual incomes above Rs. 50 lakh to expand the taxpayer base and generate additional revenue, impacting only a small fraction of wealthy farmers. These recommendations are currently under government review, as confirmed by the Minister of State in the Ministry of Finance in a written response to the Lok Sabha.