|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
The government has no intention to impose a wealth tax on farm land, Finance Minister P. Chidambaram said in parliament on Tuesday, providing relief to farmers.
Earlier, the minister had proposed to impose 1 percent wealth tax on the value of farm land falling within an 8-kilometre radius of urban areas.
Farm income in India is exempted from payment of income tax.