Approved M/s Ind Bank Housing Ltd. Chennai u/s 36(1)(viii) - 11517 - Income Tax

Approved M/s Ind Bank Housing Ltd. Chennai u/s 36(1)(viii) NOTIFICATION NO. 11517 DATED 25-9-2000 It is notified for general information that M/s Ind Bank Housing Ltd. 480, 2nd Floor, Anna Salai, Nandanam, Chennai-600 035 has been approved by the Central Government for the purposes of section 36(1)( viii ) of the Income-tax Act, 1961, for the assessment years, 1998-99 and 1999-2000. 2. The approval is subject to the condition that : ( i ) the company has main object to carry 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 profits 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. 204/29/95/ITA-II]