Gift to land pool farmers

Amaravathi, February 02: Huge members of farmers in the Andhra Pradesh Capital Region who divided their farm lands for construction of the capital city of Andhra Pradesh Amaravati boost a sigh of relief as Union Finance Minister Arun Jaitley announced exemption of capital gains tax here on Wednesday during the budget section.Exemption of capital gains tax for about 28000 farmers, who gave up their land for construction of the Ap capital city of Amaravati, will boost the sagging real estate sector in Krishna and Guntur districts.The announcement on an exemption in the union Budget presented by finance minister Arun Jaitley on Wednesday has also boosted the morale of farmers, who have been eagerly awaiting distribution of their share of land.The land pooling scheme is the biggest such exercise in INDIA. Incidentally, this is the first time the Centre has announced exemption in capital gains tax for such a large number of farmers.