TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Act Section 80-IBA: 100% Profit Deduction for Housing Projects Approved 2016-2019 with Specific Criteria</h1> Section 80-IBA of the Income-tax Act, introduced by Clause 43 of the Finance Bill, 2016, provides a 100% deduction on profits from developing and building housing projects. To qualify, projects must be approved by the competent authority between June 1, 2016, and March 31, 2019, and completed within three years. Conditions include limits on commercial space, plot size, and residential unit dimensions. Projects must utilize a specified floor area ratio and maintain separate accounts. If incomplete within the timeframe, deductions claimed are added back to the assessee's income. This applies from April 1, 2017, for the 2017-2018 assessment year onward.
TaxTMI 
TaxTMI 
