https://www.taxtmi.com/acts?id=16619 Applicants seeking notification of an affordable housing project as a specified business under section 35AD must apply in Form No. 3CN, cure deficiencies within the prescribed period, and furnish further documents if called for; the Board may grant, reject, invalidate or withdraw approval after giving an opportunity of being heard and must communicate adverse orders to the applicant and tax authorities. Projects must have prior sanction under the Scheme, commence on or after the stipulated date, occupy a minimum one-acre plot, meet mandatory allocable rentable area mixes for EWS/LIG/MIG units, obtain State/UT layout approval, and be completed within five years; separate project accounts and timely returns are required to claim the deduction. en-us Mon, 04 Jun 2012 18:40:35 +0530 Sat, 09 Oct 2021 13:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16619 Applicants seeking notification of an affordable housing project as a specified business under section 35AD must apply in Form No. 3CN, cure deficiencies within the prescribed period, and furnish further documents if called for; the Board may grant, reject, invalidate or withdraw approval after giving an opportunity of being heard and must communicate adverse orders to the applicant and tax authorities. Projects must have prior sanction under the Scheme, commence on or after the stipulated date, occupy a minimum one-acre plot, meet mandatory allocable rentable area mixes for EWS/LIG/MIG units, obtain State/UT layout approval, and be completed within five years; separate project accounts and timely returns are required to claim the deduction. Act-Rules Income Tax Mon, 04 Jun 2012 18:40:35 +0530 https://www.taxtmi.com/acts?id=16619