Government Compensation For Land Acquisition 2024 Tacoma. Land for development of national highways and associated purposes is acquired under section 3 of the nhs act, 1956 and compensation is determined in accordance with the first schedule. Section 54d of the income tax act offers tax relief to taxpayers who receive capital gains from the compulsory acquisition of land or buildings used for business or.

One of the key elements of the larr act is the compensation structure. Central government is set to pay higher compensation to property owners and farmers who have parted with their land for highway project.