Approved Ind Bank Housing Ltd., Chennai u/s 36(1)(viii) - 2236 - Income Tax

Approved Ind Bank Housing Ltd., Chennai u/s 36(1)(viii) NOTIFICATION NO. 2236 DATED 25-9-2000 It is notified for general information that Ind Bank Housing Ltd., 480, 2nd Floor, Anna Salai, Nandanam, Chennai-600035, 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 been 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 ) the 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. [Notification No. 11517/F. No. 204/29/95-ITA-II]