Tax deduction approval for housing finance companies requires main-object, annual audited filings, and special reserve compliance. Approval was granted to M/s Pratima Housing Development Finance Corporation Limited for tax-deduction purposes on the condition that the company's main object is providing long-term residential housing finance; it submits annually audited accounts and the deduction statement before the due date for filing the return; it creates and maintains the required special reserve; and it fulfils all other conditions of the relevant deduction provision.
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Tax deduction approval for housing finance companies requires main-object, annual audited filings, and special reserve compliance.
Approval was granted to M/s Pratima Housing Development Finance Corporation Limited for tax-deduction purposes on the condition that the company's main object is providing long-term residential housing finance; it submits annually audited accounts and the deduction statement before the due date for filing the return; it creates and maintains the required special reserve; and it fulfils all other conditions of the relevant deduction provision.
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