Deduction under section 36(1)(viii): approval requires housing finance company to maintain special reserve and annual audited filings. Approval for deduction under section 36(1)(viii) is granted to a housing finance company on condition that its main object is providing long term finance for residential houses, it files annually audited accounts and the statement of deductions by the return due date, it creates and maintains the required special reserve, and it fulfils all other statutory conditions of the provision.
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Provisions expressly mentioned in the judgment/order text.
Deduction under section 36(1)(viii): approval requires housing finance company to maintain special reserve and annual audited filings.
Approval for deduction under section 36(1)(viii) is granted to a housing finance company on condition that its main object is providing long term finance for residential houses, it files annually audited accounts and the statement of deductions by the return due date, it creates and maintains the required special reserve, and it fulfils all other statutory conditions of the provision.
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