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<h1>Finance Bill 2010 amends Income-tax Act section 80-IB: Extends housing project deadlines, adjusts commercial area limits.</h1> Clause 27 of the Finance Bill, 2010 amends section 80-IB of the Income-tax Act concerning deductions for profits from certain industrial undertakings. It modifies sub-section (10) by extending the completion period for housing projects approved on or after April 1, 2005, from four to five years. Additionally, it changes the built-up area limits for commercial establishments within housing projects from five percent or 2,000 square feet to three percent or 5,000 square feet, whichever is higher. These amendments are effective retrospectively from April 1, 2010, applicable to the assessment year 2010-2011 and onwards.