Approved M/s Cent Bank Home Finance Ltd., Bhopal u/s 36(1)(viii) - 10876 - Income Tax

Approved M/s Cent Bank Home Finance Ltd., Bhopal u/s 36(1)(viii) NOTIFICATION NO. 10876 DATED 16-4-1999 It is notified for general information that M/s Cent Bank Home Finance Ltd., Bhopal, has been approved by the Central Government for the purposes of s. 36(1)( viii ) of the Income-tax Act, 1961, for the asst. yrs. 1999-99 and 1999-2000. 2. The approval is subject, to the condition that : ( i ) the company has main object to carrying on the business of providing long-term finance for construction or purchase of houses for residential purposes; ( ii ) the company submits every year a copy of its audited profit and loss account and balance sheet along with a statement of deduction claimed under this section before its due date for filing return of income under section 139(1) of the Income-tax Act, 1961; ( iii ) special reserve as required is created and, maintained as per the Act; and ( iv ) all other conditions contained in section 36(1)( viii ) of the Income-tax Act, 1961, are fulfilled. [F.No. 204/10/98/.ITA.II]