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Approval under Income-tax provision permits conditional deduction eligibility for housing finance companies subject to compliance and reporting. Approval under section 36(1)(viii) permits a housing finance company to claim tax deductions provided it has the main object of long-term housing finance, submits annually audited accounts and a statement of deductions by the due return filing date, creates and maintains the required special reserve, and complies with all other statutory conditions of 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 Income-tax provision permits conditional deduction eligibility for housing finance companies subject to compliance and reporting.
Approval under section 36(1)(viii) permits a housing finance company to claim tax deductions provided it has the main object of long-term housing finance, submits annually audited accounts and a statement of deductions by the due return filing date, creates and maintains the required special reserve, and complies with all other statutory conditions of the provision.
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