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Whether deduction u/s. 80IB (10) would be allowable on forfeited amount?

Started by Advocate Anumita, January 29, 2013, 01:25:34 PM

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Advocate Anumita

January 29, 2013, 01:25:34 PM
A builder sold a flat and received a token amount (say Rs. 10 lac) as advance. The buyer did not buy the flat and the advance money got forfeited. Whether deduction u/s. 80IB (10) would be allowable on such forfeited amount?

Thanks!
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