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Section 80 iba

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(Querist)
04 March 2016 Hi,

As per new budget, govt has introduced 100% deduction in profits on house constructed below 30 sq. mtr and 60 sq. mtr.
Can anyone clarify whether this area is Built up area or Carpet area ????

Quick response is highly appreciated.


Regards,
Swapnil
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Ankur Singhal

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Ankur Singhal (Expert)
04 March 2016 Dear
as per finance bill it is built up area. No word like carpet area has been used.

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