Amendment of section 80-IBA.

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....tember, 2019, the provisions of this sub-section shall have effect as if for clauses (d) to (i), the following clauses had been substituted, namely:-- "(d) the project is on a plot of land measuring not less than- (i) one thousand square metres, where such project is located within the metropolitan cities of Bengaluru, Chennai, Delhi National Capital Region (limited to Delhi, Noida, Greater No....

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....in the housing project does not exceed forty-five lakh rupees; (h) where a residential unit in the housing project is allotted to an individual, no other residential unit in the housing project shall be allotted to the individual or the spouse or the minor children of such individual; (i) the project utilises- (I) not less than ninety per cent. of the floor area ratio permissible in respect ....

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.... assessed or assessable by any authority of the Central Government or a State Government for the purpose of payment of stamp duty in respect of an immovable property.'. - Clause 26 of the Bill seeks to amend section 80-IBA of the Income-tax Act relating to deductions in respect of profits and gains from housing projects. The provisions of the said section, inter alia, provide that where the gr....