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of <h1>Andhra Bank Housing Finance Ltd. Gains Approval for Tax Benefits Under Section 36(1)(viii) for 1998-99 and 1999-2000.</h1> Andhra Bank Housing Finance Ltd., located in Hyderabad, has been approved by the Central Government under section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1998-99 and 1999-2000. This approval is contingent upon the company primarily engaging in providing long-term finance for residential housing construction or purchase. Additionally, the company must annually submit its audited financial statements and a statement of deductions claimed under this section by the due date for filing income tax returns. It must also create and maintain a special reserve as required by the Act and comply with all conditions outlined in section 36(1)(viii).
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