Income limit to buy Farm land in Karnataka

FARM LAND IN KARNATAKA

Bill on the table to increase the income limit to buy farm land in Karnataka.

The State government on Monday March 2015 introduced an amendment bill in the Legislative Assembly, seeking to increase the income limit for purchasing farm land to Rs 25 lakhs from Rs 2 lakhs.

The State government on Monday March 2015 introduced an amendment bill in the Legislative Assembly, seeking to increase the income limit for purchasing farm land to Rs 25 lakhs from Rs 2 lakhs.

On amendments to the Karnataka Land Reforms Act, 1961, the Minister said the government was contemplating amendments to Section 79-A that bars persons having an annual non-agricultural income of above Rs. 2 lakh from buying agricultural land.

The Karnataka Land Reforms (Amendment) Bill, 2015, also proposes to empower Deputy Commissioners of districts to grant permission for purchasing a certain extent of land for educational, industrial, religious and housing projects. The Bill was piloted by Revenue Minister V Sreenivas Prasad.

Merits of Amendement
Enhancement in the limit should help both farmers and Government of Karnataka. Transactions  with false income and under value of land can be avoided.

It is a good move as Government can expect some revenue from this amendment.

By Vidyadhar Naik– LOCAL SPACE    M:09035611299

Also see

 http://bangalorerealestates.in/farm-house-and-farm-land-in-bangalore/

2 thoughts on “Income limit to buy Farm land in Karnataka”

  1. I published this article on 31 March 2015.Next day I came to know that Government of Karnataka has not shown interest to discuss on this land reforms bill in the ongoing session.As Congress is opposing the NDA governments Land acquisition bill at the center, state Congress party is alarmed by High command to put temporary delay on this. Ruling party expected strong opposition from BJP and JDS. Now State Government says they would come up with farmer friendly Land Reforms act amendment.

  2. The Karnataka Legislative Assembly on Friday passed the Karnataka Land Reforms (Amendment) Bill, 2015, to increase the income limit for non-agricultural sources to purchase farmland from Rs. 2 lakh to Rs. 25 lakh.
    Follow this post for more information.

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