https://www.taxtmi.com/acts?id=20429 The provision allows a hundred per cent. deduction of profits and gains from eligible housing projects subject to conditions including approved project status by the competent authority within the prescribed window, completion within a specified period from approval, limits on commercial area and unit sizes, minimum plot size, floor area ratio utilisation thresholds, single-unit allotment restrictions, separate project accounting, and specified definitions for built-up area, floor area ratio and residential unit. Deductions are excluded for works-contract executors and are recaptured if projects are not completed within the prescribed period; claimed profits cannot be deducted under other provisions for the same year. en-us Mon, 29 Feb 2016 16:39:59 +0530 Mon, 29 Feb 2016 16:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20429 The provision allows a hundred per cent. deduction of profits and gains from eligible housing projects subject to conditions including approved project status by the competent authority within the prescribed window, completion within a specified period from approval, limits on commercial area and unit sizes, minimum plot size, floor area ratio utilisation thresholds, single-unit allotment restrictions, separate project accounting, and specified definitions for built-up area, floor area ratio and residential unit. Deductions are excluded for works-contract executors and are recaptured if projects are not completed within the prescribed period; claimed profits cannot be deducted under other provisions for the same year. Act-Rules Bill Mon, 29 Feb 2016 16:39:59 +0530 https://www.taxtmi.com/acts?id=20429