According to Section 34, of the Land Acquisition act 1894 what happens when compensation for land acquisition is not paid or deposited at the time the land is taken into possession?
1
The Collector is not obligated to pay any interest.
2
The Collector must pay the awarded compensation with interest at the rate of 9% per annum from the time of taking possession.
3
The compensation is forfeited, and no interest is payable.
4
The interest is paid only if the compensation is not deposited within two years.