DEDUCTION UNDER SECTION 80-IBA FOR AFFORDABLE HOUSING PROJECTS

Sl. No. CRITERIA CONDITIONS 1 Eligible Business The business of developing and building housing projects 2 Amount of Deduction 100% of profits and gains derived from eligible business 3 Period of Deduction 3 consecutive assessment years 4 Commencement of Deductions 3 consecutive Assessment years beginning from the year in which the eligible approval of the…