TEA, COFFEE GROWERS EXEMPTED FROM TAX
The State Government of Kerala has decided to exempt tea and coffee growers from agriculture income tax for two years. According to Oommen Chandy, Chief Minister the tax exemption would be effective for the f o r t h c o m i n g financial year and a notification in this respect would be issued shortly. “The e x e m p t i o n , however, would not be applicable to plantations that are registered as companies," he said. The Cabinet has approved the Rs 2.25 crore Scheme, submitted by the Kannur district collector for rainwater harvesting and ground water recharging for the benefit of Ezhimala Naval Academy. The CM also said that his Government had already spent Rs 40 crore in providing roads, water supply and electricity to the Academy.