Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing building and housing projects

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..... sub-section (10) of section 80-IB an undertaking developing and building housing projects is allowed a deduction of 100% of its profits derived from such projects if it commenced the project on or after 1.10.1998 and completes the construction within four years from the financial year in which the housing project is approved by the local authority. 2. Clarifications have been sought by variou .....

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..... ififcation on this issue contained in Member(R)'s D.O. letter No. 58/Misc./2008/CIT(IT CT) dated 29.04.2008 and Member (IT)'s D.O. letter No. 279/Misc./46/08-ITJ dated 2.5.2008. 5. This may kindly be brought to the notice to the notice of the all Assessing Officers in your charge. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindi .....

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