https://www.taxtmi.com/acts?id=21405 Section 80-IBA allows a deduction for profits and gains from developing and building housing projects and notified rental housing projects subject to conditions: approval by the competent authority within the prescribed window, completion within the statutory period, minimum plot size and single project occupancy, limits on carpet area for residential and commercial components, floor area ratio utilisation thresholds, and maintenance of separate books of account. The provision excludes works contract executions, prevents duplicate deductions under other provisions, and recaptures previously allowed deductions if the project is not completed within the stipulated period. en-us Thu, 12 May 2016 11:50:48 +0530 Tue, 10 Jun 2025 14:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21405 Section 80-IBA allows a deduction for profits and gains from developing and building housing projects and notified rental housing projects subject to conditions: approval by the competent authority within the prescribed window, completion within the statutory period, minimum plot size and single project occupancy, limits on carpet area for residential and commercial components, floor area ratio utilisation thresholds, and maintenance of separate books of account. The provision excludes works contract executions, prevents duplicate deductions under other provisions, and recaptures previously allowed deductions if the project is not completed within the stipulated period. Act-Rules Income Tax Thu, 12 May 2016 11:50:48 +0530 https://www.taxtmi.com/acts?id=21405