Sec. 80 ib (10)

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