80IBA deduction

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....0IBA deduction<br> Query (Issue) Started By: - hubert fernandes Dated:- 16-7-2019 Last Reply Date:- 6-7-2020 Income Tax<br>Got 1 Reply<br>Income Tax<br>(a) with regards to 80IBA Exemption of the incom....

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....e tax act, if the builder developers allots area in the said housing project to land owners as part of land consideration can the builder /developers avail the deduction? please mention any case laws ....

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.... (b) can the land owner avail deduction u/s 80IBA when he sells his share of area ? if so how the condition of land being more than the prescribed land area be worked? and whether the builder develope....

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....rs can avail deduction simultaneously (c) if the builders developers allots more than one apartment to land owners as part of land consideration , will such allotment be violation of the condition of....

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.... 80IBA and deduction will be denied? Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view as per section 80IBA there is no distinction between the allotment to land owners and others. Second q....

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....uestion it is doubt. Third question in my view it is violation. Views of other experts solicited.<br> Discussion Forum - Knowledge Sharing ....