In view of promoting the affordable housing projects in India, the Finance Minister Shri. Arun Jaitley introduced the section for tax benefits for the builders promoting affordable housing schemes. Section 80IBA deals with 100% deductions for the builders promoting affordable housing schemes subject to fulfilment of the conditions as mentioned therein.
Following is the brief analysis of the provisions mentioned in the section.
The assessee engaged in developing and building the housing pro
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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