The Finance Ministry has recently sent various notices to income tax return non-filers based on information and analytics generated by NMS. Such notices have been sent through messages, emails and physical letters based on details registered on non-filers PAN database available with CBDT records.
The Union Budget 2017-18 announced number of measures to boost affordable housing which includes Section 80-IBA which allowed 100% deduction on profits generated by developer or builder of affordable housing project.
