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80ib(10) deduction availability
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....0ib(10) deduction availability<br> Query (Issue) Started By: - hubert fernandes Dated:- 18-12-2012 Last Reply Date:- 25-2-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>We developed a project u/s 80i....
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....b(10) and availed 100% deduction till finacial year ended march 2012. However in the Financial year 2012-2013 two flats less than 1500 sq ft (ie non adjacant flats in two different buildings in the sa....
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....id 80ib(10)project) were sold to one individual. These flats were sold out of inventory, the project being 100% completed in FY 2009-2010. Clause (e) introduced w.e.f 01.04.2010 of section 80ib(10) re....
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....stricts from 2 flats being sold to one individual or to spouse/children/representative of such individual. in view of the above violiation of clause (e) whether the assessse would loose deduction for....
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.... the entire project Or whether it would loose deduction only on these two flats sold to one individual OR whether the ENTIRE UNSOLD AREA as on 31-3-2010 (since clause (e) of 80ib(10) applicable from 0....
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....1.04.10) would be open for disallowance Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the said issue? If not please inform.<br> Discussion Forum - Knowledge Sharing ....
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