A company engaged in the business of developing and building housing projects. Its some residential units are satisftying the conditions given under section 80 IB and some are not. Is it possible to claim deduction under section 80 IB on proportionate basis only in respect of those units which satsisfy the conditions given ? Please give me sugesstion.
1 Replies
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 07 December 2009
Dear Harish ,
I guess the wordings in 80IB says that the industrial undertaking should satisfy all the conditions given in it to claim deduction...
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