Approval under section 36(1)(viii) enables tax-deduction eligibility for a housing finance company subject to compliance conditions. Approval under section 36(1)(viii) is granted to Manraj Housing Finance Limited, Jalgaon, making it eligible to claim the deduction for providing long-term finance for residential housing, subject to the company's main object being housing finance, creation and maintenance of the required special reserve, annual submission of audited accounts and a statement of deductions before the due date for filing the return of income, and fulfillment of all other statutory conditions for claims under the provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 36(1)(viii) enables tax-deduction eligibility for a housing finance company subject to compliance conditions.
Approval under section 36(1)(viii) is granted to Manraj Housing Finance Limited, Jalgaon, making it eligible to claim the deduction for providing long-term finance for residential housing, subject to the company's main object being housing finance, creation and maintenance of the required special reserve, annual submission of audited accounts and a statement of deductions before the due date for filing the return of income, and fulfillment of all other statutory conditions for claims under the provision.
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