Act Number: 53

Act Name: The Protection of Plant Varieties and Farmers Rights Act, 2001

Year: 2001

Enactment Date: 2001-10-30

Long Title: An Act to provide for the establishment of an effective system for protection of plant varieties, the rights of farmers and plant breeders and to encourage the development of new varieties of plants.

Ministry: Ministry of Agriculture and Farmers Welfare

Department: Department of Agriculture, Cooperation and Farmers Welfare

Section 91: Exemption from tax on wealth and income.
    Notwithstanding anything contained in the Wealth-tax Act, 1957 (26 of 1957), the Income-tax Act, 1961 (43 of 1961), or any other enactment for the time being in force relating to tax on wealth, income, profits or gains, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax in respect of its wealth, income, profits or gains derived.
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