Amendment of section 80-IBA
Section 29 of the Finance Act, 2021 deals with amendment of section 80-IBA. Amendment of section 80-IBA. 29. In section 80-IBA of the Income-tax Act, with effect from the 1st day of April, 2022,— (a) | after sub-section (1), the following sub-section shall be inserted, namely:— "(1A) Where the gross total income of an assessee includes any profits and gains derived from the
Amendment of section 80-IBA.
29. In section 80-IBA of the Income-tax Act, with effect from the 1st day of April, 2022,—
Section 29, The Finance Act, 2021.
(a) after sub-section (1), the following sub-section shall be inserted, namely:— "(1A) Where the gross total income of an assessee includes any profits and gains derived from the business of developing and building rental housing project, there shall be allowed a deduction of an amount equal to hundred per cent of the profits and gains derived from such business."; (b) in sub-section (2), in clause (a), for the figures "2021", the figures "2022" shall be substituted; (c) in sub-section (6), after clause (d), the following clause shall be inserted, namely:— '(da) "rental housing project" means a project which is notified by the Central Government in the Official Gazette under this clause on or before the 31st day of March, 2022 and fulfils such conditions as may be specified in the said notification;'.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 29
What does Section 29 of the Finance Act deal with?
Section 29 of the Finance Act is headed "Amendment of section 80-IBA". Amendment of section 80-IBA. 29. In section 80-IBA of the Income-tax Act, with effect from the 1st day of April, 2022,— (a) | after sub-section (1), the following sub-section shall be inserted, namely:— "(1A) Where the gross total income of an assessee includes any profits and gains derived from the
How do I find court cases under Section 29 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2021 29, section 29 Finance Act 2021, section 29 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 29 of the Finance Act, and has it changed?
Its own text turns on section 80 (Amendment of section 245R), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2021. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.