SECTION 80-IBA. (AFFORDABLE HOUSING SCHEME)
AMENDMENTS AND FAQ WITH RELEVANT CASE LAWS
(UPDATED WITH FINANCE ACT 2017)
(1) Deductions in respect of profits and gains from housing projects.—(1) Where the gross total income of an assessee includes any profits and gains derived from the business of developing and building housing projects, there shall, subject to the provisions of this section, be allowed, a deduction of an amount equal to hundred per cent (100%) of the profits and gains derived from such business.