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of <h1>Amended Section 80-IB: New deadlines and project size changes for housing projects approved post-April 1, 2005.</h1> Section 80-IB of the Income-tax Act was amended by the Finance Act, 2010. In sub-section (10), clause (a) was modified to specify that projects approved after April 1, 2004, must be approved by March 31, 2005. A new sub-clause (iii) was added, requiring housing projects approved on or after April 1, 2005, to be completed within five years from the end of the financial year of approval. In clause (d), the percentage was changed from five to three percent, and the size limit was adjusted from 'two thousand square feet, whichever is less' to 'five thousand square feet, whichever is higher.'
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