| Question And Answer | |
|---|---|
| Subject: | 80IBA deduction |
| Category: | Income-Tax |
| Querist: | CA Parag Patel |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | section 80IBA deduction |
| Date: | September 28, 2024 |
My client is builder He is complying with all conditions mentioned in Section 80IBA , But he is following Project Completion Method to book the sales due to which at the time when Project Receives the completion certificate the builder executes the sale deed and book the sales . so every year he creates the work in progress and file the nil return . and in the year when he executes the sales he books the revenue . can he still claim benefit of 80IBA till the sale of all of units of project
Reply of the Expert is awaited. Please check back later
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