Tax incentive amendment extends eligibility period for affordable rental housing schemes, effective from the next fiscal year onward. Amendment modifies the temporal scope of section 80-IBA by substituting the year in sub-section (2)(a), thereby extending the period for which the concessional deduction for specified rental housing projects may be available, with the substitution taking effect from the first day of the subsequent fiscal year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax incentive amendment extends eligibility period for affordable rental housing schemes, effective from the next fiscal year onward.
Amendment modifies the temporal scope of section 80-IBA by substituting the year in sub-section (2)(a), thereby extending the period for which the concessional deduction for specified rental housing projects may be available, with the substitution taking effect from the first day of the subsequent fiscal year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.