Ranjan Ghosh
11 years 4 months ago
Mark to Market capital gain for land banks kept by people within certain radius of growing cities. This will discourage land hording and hapazard growth of urban sprawl. Also it unlock money for the govt and force investors to move away from land as asset to other productive economic pursuits. To prevent showing them as agricultural land allow the panchayats to tax them on notional produce basis. They can offset this from the CG they need to pay towards Mark to market gain.
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