Author Topic: Good news for Farmers of India  (Read 3193 times)

brett_lee38

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Good news for Farmers of India
« on: March 21, 2014, 04:18:21 PM »
Under the provisions of newly enacted Land Acquisition Rehabilitation Act 2013 it is categorically mentioned under section 96 that no income tax would be levied on the award received by a farmer upon acquisition of its land. This Act has also made certain other amendments which are very useful for the poor farmers, for example, the land would be acquired by the Govt as lessee and not as owner