Amendment of section 80-IBA.

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....s any profits and gains derived from the business of developing and building rental housing project, there shall be allowed a deduction of an amount equal to hundred per cent. of the profits and gains derived from such business."; (b) in sub-section (2), in clause (a), for the figures "2021", the figures "2022"shall be substituted; (c) in sub-section (6), after clause (d), the following clau....

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....proved by the competent authority after 1st June, 2016 but on or before 31st March, 2021. It is proposed to insert sub-section (1A) in the said section so as to provide for hundred per cent. deductions of the profits and gains derived from the business of developing and building affordable rental housing project. It is further proposed to amend clause (a) of sub-section (2) so as to allow th....