Karnatka land reforms act 1961
thimm
(Querist) 11 May 2012
This query is : Resolved
unser karnatka land reforms act 1961, 79a 79b, it mentions that person who has assured income of 2 lakhs reupees income is not eligible to buy agricultural land.
Here assured income means what?
Will this law apply to employees woring in private company?.
Shonee Kapoor
(Expert) 11 May 2012
Only a lawyer from Karnataka can answer this.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
ajay sethi
(Expert) 11 May 2012
SECTION 79A (1) TO (2):-NO ONE CAN ACQUIRE AGRICULTURAL LAND IN KARNATAKA WHOSE ANNUAL NON AGRICULTURAL INCOME IS TWO LAKH RUPEES AND ABOVE:-
On and from 20-10-1995,no person who or a family or a joint family which has an assured annual income of not lessthan rupees two lakhs from sources other than agricultural lands shall be entitled toacquire any land whether as land owner, landlord, tenant or mortgagee with possession orotherwise or partly in one capacity and partly in another.
INCOME HOW CALCULATED
The aggregate income of all the members of a family or a joint family from sources otherthan agricultural land shall be deemed to be income of the family or joint family, as the casemay be, from such sources during a period of five consecutive years preceding such day. Aperson who or a family or a joint family which has been assessed to income tax under theIncome Tax Act, on an yearly total income of not less than rupees two lakhs for fiveconsecutive years shall be deemed to have an average annual income of not less thanrupees two lakhs from sources other than agricultural lands.
SECTION 2[(12)
"Family"means,
(a) in the case of an individual who has a spouse or spouses, such individual, the spouse or spouses and their minor sonsand unmarried daughters, if any;(b) in the case of an individual who has no spouse, such individual and his or her minor sons and unmarried daughters;(c) in the case of an individual who is a divorced person and who has not remarried, such individual and his minor sonsand unmarried daughters, whether in his custody or not; and(d) where an individual and his or her spouse are both dead, their minor sons and unmarried daughters;]
