Section 28
Power to exempt from duty or tax
of Farmers' Organization Act 1973
The Minister of Finance may by notification in the Gazette, in the case of any Farmers’ Organizations or class of such Farmers’
Organizations reduce or remit—
(a)
the duty or tax which under any law for the time being in force may be payable in respect of the profits of such
Farmers’ Organization or of the dividends or other payments received by the members or member-units of such Farmers’ Organization on account of profits;
(b)
the stamp duty with which, under any law for the time being in force, instruments executed by or on behalf of any such Farmers’ Organization, member-unit or by an officer or member and relating to the business of such
Farmers’ Organization or member-unit or any class of such instruments are respectively chargeable.