Approved M/s Manipal Housing Finance Syndicate Limited, Manipal House, Manipal, Karnataka u/s 36(1)(viii) - 11031 - Income Tax

Approved M/s Manipal Housing Finance Syndicate Limited, Manipal House, Manipal, Karnataka u/s 36(1)(viii) NOTIFICATION NO. 11031 DATED 18-8-1999 It is notified for general information that M/s Manipal Housing Finance Syndicate Limited, Manipal House, Manipal-576 119 (D.K) Karnataka, has been approved by the Central Government for the purposes of section 36(1)( viii ) of the Income-tax Act, 1961, for the assessment year 1999-2000. 2. The approval is subject to the conditions that : ( i ) the company has the 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. 204/23/97-ITA-II]