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of <h1>BOB Housing Finance gets Central Government approval under Section 36(1)(viii) for 1999-2000, focusing on residential housing finance.</h1> M/s BOB Housing Finance Limited, located in Jaipur, has been approved by the Central Government under section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000. The approval requires the company to primarily engage 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 before the income tax return filing deadline. It must also create and maintain a special reserve and comply with all conditions specified in section 36(1)(viii) of the Act.
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