SEC 80 IB(10) - Revision of Plan
This query is : Open
10 June 2010
Dear Colleagues,
One of my client is enjoying exemption U/s. 80IB (10) for Building & Development of Housing Projects. He has fulfilled all the condition prescribed under section.
My query is - Is it mandatory to get revised plan from the appropriate authority, when the developer constructed the building slightly different way then the original plan approved by the authority?
If suppose the developer does not get revised plan from the authority, the exemption U/s. 80IB(10) can be withdrawn?
Thanking You
One of my client is enjoying exemption U/s. 80IB (10) for Building & Development of Housing Projects. He has fulfilled all the condition prescribed under section.
My query is - Is it mandatory to get revised plan from the appropriate authority, when the developer constructed the building slightly different way then the original plan approved by the authority?
If suppose the developer does not get revised plan from the authority, the exemption U/s. 80IB(10) can be withdrawn?
Thanking You
11 June 2010
If the revised plan violates the conditions of 80IB (10), then you will not be eligible, whether or not subsequently it has been approved or not. like....area of residential unit exceeds 1000 sq. feet in case of delhi & Mumbai...
If the modifications doesnot violates the conditions, then you will be eligible.....
For preventing any future litigation it is advisable to approve the modified plan immediately
If the modifications doesnot violates the conditions, then you will be eligible.....
For preventing any future litigation it is advisable to approve the modified plan immediately
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- GST Taxability
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
