Abstract - REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 - Income-tax Act, 1961

SECTION 2(k) OF REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 Definitions. 2. In this Act, unless the context otherwise requires,- ** ** ** (k) carpet area means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment; Explanation.- For the purpose of this clause, the expression exclusive balcony or verandah area means the area of the balcony or verandah, as the case may be, which is appurtenant to the net usable floor area of an apartment, meant for the exclusive use of the allottee; and exclusive open terrace area means the area of open terrace which is appurtenant to the net usable floor area of an apartment, meant for the exclusive use of the allottee; ** ** **