Law · Land Acquisition Act, 1894
According to Section 34 of the Land Acquisition Act, 1894, if the compensation is not paid or deposited on or before taking possession, and remains unpaid for more than one year, the interest rate payable from the expiry of that period of one year is increased from 9% to how much per annum?
- 118%
- 215%✓
- 312%
- 410%
Correct answer
15%
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