# The Finance Act, 2011, Section 6: Amendment of section 35AD

- Act: The Finance Act, 2011
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2011/section/6/

## Text

Amendment of section 35AD. 6. In section 35AD of the Income-tax Act,— ( a)  in sub-section (5), with effect from the 1st day of April, 2012,— ( i) in clause (ac),  the word "and" occurring at the end shall be omitted; ( ii) after clause (ac),  the following clauses shall be inserted, namely:— "( ad) on or after the 1st day of April, 2011, where the specified business is in the nature of developing and building a housing project under a scheme for affordable housing framed by the Central Government or a State Government, as the case may be, and notified by the Board in this behalf in accordance with the guidelines as may be prescribed; (ae)  on or after the 1st day of April, 2011, in a new plant or in a newly installed capacity in an existing plant for production of fertilizer; and"; (iii)  in clause ( b), for the words, brackets and letters "and clause (ac) ", the words, brackets and letters "clause (ac) , clause (ad ) and clause (ae)" shall be substituted; ( b)  in sub-section (8), in clause (c), — ( i) in sub-clause (iv),  for the words "new hotel", the word "hotel" shall be substituted; ( ii) in sub-clause (v),  for the words "new hospital", the word "hospital" shall be substituted; ( iii) after sub-clause (vi),  the following sub-clauses shall be inserted with effect from the 1st day of April, 2012, namely:— "( vii) developing and building a housing project under a scheme for affordable housing framed by the Central Government or a State Government, as the case may be, and notified by the Board in this behalf in accordance with the guidelines as may be prescribed; (viii)  production of fertilizer in India;". © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.