Section 96(1) in The Goa, Daman and Diu Town and Country Planning Act, 1974
(1)The net amount payable under the provisions of this Act by the owner of a plot included in the final scheme, may, at his option, be paid in lumpsum or in annual instalments not exceeding ten. If the owner elects to pay the amount by instalments, interest at the rate of six per cent per annum shall be charged on the net amount payable. If the owner of a plot fails to so elect on or before the date specified in a notice issued to him, he shall be deemed to have elected to pay the contribution by instalments and the interest on the contribution shall be calculated from the date specified in the notice.
