https://www.taxtmi.com/forum/issue?id=115193 Questions concern entitlement to the 80IBA deduction when builders allot constructed area to landowners as land consideration, whether landowners selling their allotted share can claim the deduction and meet the prescribed land area requirement, and whether allotting multiple apartments to a landowner violates statutory conditions. The expert states allotments to landowners are not distinguished from other allotments for deduction purposes, is doubtful on landowner entitlement upon sale and area compliance, and considers multiple allotments to a landowner to likely violate the condition. en-us Tue, 16 Jul 2019 18:15:36 +0530 Thu, 23 Jan 2025 15:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115193 Questions concern entitlement to the 80IBA deduction when builders allot constructed area to landowners as land consideration, whether landowners selling their allotted share can claim the deduction and meet the prescribed land area requirement, and whether allotting multiple apartments to a landowner violates statutory conditions. The expert states allotments to landowners are not distinguished from other allotments for deduction purposes, is doubtful on landowner entitlement upon sale and area compliance, and considers multiple allotments to a landowner to likely violate the condition. Discussion-Forum Income Tax Tue, 16 Jul 2019 18:15:36 +0530 https://www.taxtmi.com/forum/issue?id=115193