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TMI Blog80IBA deductionX X X X Extracts X X X X X X X X Extracts X X X X ..... (a) with regards to 80IBA Exemption of the income 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... avail the deduction? please mention any case laws (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... land area be worked? and whether the builder developers can avail deduction simultaneously (c) if the builders developers allots more than one apartment to land owners as part of land consideratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n , will such allotment be violation of the condition of 80IBA and deduction will be denied? - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view as per section 80IBA there is no disti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nction between the allotment to land owners and others. Second question it is doubt. Third question in my view it is violation. Views of other experts solicited. - 80IBA deduction - Query ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Started By: - hubert fernandes Dated:- 16-7-2019 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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