| Question And Answer | |
|---|---|
| Subject: | CA Form for deduction U/S 80IBA -Builders case |
| Category: | Income-Tax |
| Querist: | CA Subodh Vora |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Deduction 80IBA, form, section 80IBA deduction |
| Date: | December 29, 2021 |
In case of Builders 100% deduction is allowable under section 80IBA. Is there any form to be uploded duly certified by CA like form 10CCB? To the best of my knowledge no such form is prescibed. However in the faceless scrutiny the department is asking for above form
As per Rule 18BBB of the Income-tax Rules, 1961 (Rules), Form 10CCB has been prescribed for assessee’s claiming deduction under section 80I, 80IA, 80IB or 80IC of the Income-tax Act, 1961 (Act).
However, there is no prescribed Form under the Scheme of the Act for availing deduction under section 80IAB of the Act.
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