Where an assessee has not exercised option u/s 115BAA, 115BAC or 115BAD, deduction u/s 80IBA, shall be allowed if the carpet area of the shops and other commercial establishments include in the housing project does not e

CS Executive · Tax Laws · PYQS · December 2022
Where an assessee has not exercised option u/s 115BAA, 115BAC or 115BAD, deduction u/s 80IBA, shall be allowed if the carpet area of the shops and other commercial establishments include in the housing project does not exceed:
(A) 1% of the aggregate carpet area
(B) 2% of the aggregate carpet area
(C) 3% of the aggregate carpet area
(D) 5% of the aggregate carpet area

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic