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80(ib)-construction company

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2011 Dear Expert,

our firm is in the business of construction of residential flats. We have satisfied the conditions laid down in section 80(IB) of Income Tax Act.
In last year we availed the above deduction.

What is the last year of deduction.?
can we avail the deduction for AY 12-13 also?
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CS Bijoy

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CS Bijoy (Expert)
01 September 2011 Depend on the condition fulfilled or not.

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