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September 2010

Slum rehabilitation scheme recognised u/s.80IB — Notification No. 67/2010 dated 3-8-2010.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
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part A : direct taxes


 

99 Slum rehabilitation
scheme recognised u/s.80IB — Notification No. 67/2010 dated 3-8-2010.

 

As per proviso to Ss.(a) &
(b) of S. 80IB(10), Slum Rehabilitation Scheme needs to be notified to be
eligible to the benefits of the deduction as stipulated therein. The CBDT issued
this long pending notification under the said Proviso wherein any scheme of Slum
Rehabilitation as contained in Regulation 33(10) of Development Control
Regulation for Greater Mumbai 1991 read with the relevant notifications under
these regulations and stipulated conditions would be eligible for claiming
deductions u/s.80IB of the Act provided all the other conditions are fulfilled.

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