Amendment of section 80-IBA.

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..... 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 clause shall be inserted, namely: (da) rent .....

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..... 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 the deduction in respect of profits and gains derived from the busine .....

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