Deduction of 80ib
This query is : Resolved
05 November 2012
WHETHER DEDUCTION OF 80IB IS AVAILABLE FOR AY 13-14 ONWARDS IF PROJECT IS APPROVED DURING FINANCIAL YEAR 12-13.
REPLY URGENTLY
REPLY URGENTLY
05 November 2012
The Condition of the above Section is very clear that where Housing Project has been approved on or after 01/04/2005,It should be completed within 5 years from the end of the Financial Year in which the Housing Project is approved by the Local Authority.Hence if the Project is approved by the Authority during Financing Year 2012-13 & Project is completed is completed withing Same Financial Year, Deduction u/s 80(IB)10 is available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
