Tax incentive for affordable housing

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..... EEA in the Act so as to provide a deduction in respect of interest up to one lakh fifty thousand rupees on loan taken for residential house property from any financial institution subject to the following conditions: (i) loan has been sanctioned by a financial institution during the period beginning on the 1st April, 2019 to 31st March 2020. (ii) the stamp duty va .....

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..... ng and building housing projects, there shall, subject to certain conditions, be allowed, a deduction of an amount equal to hundred per cent of the profits and gains derived from such business. With a view to align the definition of affordable housing under section 80-IBA with the definition under GST Act, it is proposed to amend the said section so as to modify certain conditio .....

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