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Shared Areas Excluded from Built-Up Area for Tax Deductions u/s 80-IB (10) of the Income Tax Act.

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....Deduction under Section 80-IB (10) - If that area does not exclusively belong to the owner of residential unit and if he has to share that common area with the owner of another residential unit, then that common area has to be excluded from the built-up area. - HC....

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