Scheme for slum redevelopment prepared by the Maharashtra Government under section 80 IB(10)
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Tax deduction for slum redevelopment projects recognised for eligible approved projects within the notified period.
Notification designates the Maharashtra slum redevelopment scheme as eligible for deduction under Section 80-IB, subject to the condition that any amendment to the Scheme must be re-notified by the Central Board of Direct Taxes. The notification applies to projects approved by a local authority under the scheme within the prescribed approval window, making incomes from such eligible projects available for deduction from the relevant assessment year.