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of <h1>Vysya Bank Housing Finance Ltd. approved under section 36(1)(viii) of Income-tax Act for housing finance, 1999-2002.</h1> Vysya Bank Housing Finance Ltd., Bangalore, has been approved by the Central Government under section 36(1)(viii) of the Income-tax Act, 1961, for assessment years 1999-2000 to 2001-2002. The approval requires the company to focus on providing long-term finance for residential housing, submit annual audited financial statements, maintain a special reserve as per the Act, and comply with all conditions of section 36(1)(viii). The notification, dated January 10, 1999, outlines these requirements to maintain the approval status.
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