Dear All,
I have a query regarding Section 80 IB (10).
Section 80 IB (10) says that any housing project approved before the 31-03-2008 by a local authority shall be elegible for Claiming deduction of 100% of profits derived in the previous year subject to some conditions.
Now my doubt is that what about the project begining after 31-3-2008, are these project not covered in this section.
Please resolve the confusion and do correct me.
Thanks
Ashish