80IBA deduction

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..... 80IBA deduction
Query (Issue) Started By: - hubert fernandes Dated:- 16-7-2019 Last Reply Date:- 6-7-2020 Income Tax
Got 1 Reply
Income Tax
(a) with regards to 80IBA Exemption of the inco .....

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..... me tax act, if the builder developers allots area in the said housing project to land owners as part of land consideration can the builder /developers avail the deduction? please mention any case laws .....

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..... (b) can the land owner avail deduction u/s 80IBA when he sells his share of area ? if so how the condition of land being more than the prescribed land area be worked? and whether the builder develop .....

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..... ers can avail deduction simultaneously (c) if the builders developers allots more than one apartment to land owners as part of land consideration , will such allotment be violation of the condition o .....

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..... f 80IBA and deduction will be denied? Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view as per section 80IBA there is no distinction between the allotment to land owners and others. Second .....

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..... question it is doubt. Third question in my view it is violation. Views of other experts solicited.
Discussion Forum - Knowledge Sharing .....

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