LAND AND ACQUISITION BILL

13 Sep 2011

LAND AND ACQUISITION  BILL

Will this have a smooth sailing in Loksabha ?

Any doubt about that when more than 40 % of the MPs declare themselves as “ Agriculturists “ ?

Economic Times [ Sept 04,2011 ], gives the following break-up of the “ declared “ professions of our MPs :

·     Agriculturists  ……………………………  224

·     Social Workers  …………………………  154

·     Lawyers …………………………………….    75

·     Industrialists ……………………………..   27

·     Medical Practitioners ………………….  20

·     Film Stars  ……………………………………. 6

How would they have declared themselves, if agriculture income was not exempt from income-tax ?

And does agri-income include compensation for land acquired ?

If so, time to buy some agri land –which only an agriculturist can do!

With  regards

HEMEN  PAREKH