Income-tax Act, 1961
Section - 80HHBA - Deduction in respect of profits and gains from housing projects in certain cases
Deduction in respect of profits and gains from housing projects in certain cases.80HHBA. (1) Where the gross total income of an assessee being an Indian company or a person (other than a company) who is a resident in India includes any profits and gains derived from the execution of a housing project awarded to the assessee on the basis of global tender and such project is aided by the World Bank, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such profits and gains of an amount equal to-
| (i) | - | forty per cent thereof for an assessment year beginning on the 1st day of April, 2001; |
| (ii) | - | thirty per cent thereof for an assessment year beginning on the 1st day of April, 2002; |
| (iii) | - | twenty per cent thereof for an assessment year beginning on the 1st day of April, 2003; |
| (iv) | - | Google Play store
24 October 2026
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