Section 96 of LARR Act, 2013 : Section 96: Exemption From Income-Tax, Stamp Duty And Fees

Explanation using Example

Imagine a farmer, Mr. Sharma, whose land has been acquired by the government for a highway project. Under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, Mr. Sharma is entitled to compensation for his land. According to Section 96 of the Act, when Mr. Sharma receives his compensation through an award made under this Act, he will not have to pay any income tax or stamp duty on the amount he receives. Additionally, if he requests a copy of the award agreement, he will not be charged any fee for obtaining it. This provision ensures that Mr. Sharma receives the full amount of compensation without any deductions for taxes or fees for the legal document.