Permitted investments for charitable trusts include approved government securities, regulated financial instruments, banks, mutual funds and specified equity. The schedule prescribes authorised investments for charitable or religious trusts: government and small savings instruments; Post Office, scheduled bank ... Summary
Permitted investments for charitable trusts include approved government securities, regulated financial instruments, banks, mutual funds and specified equity.
The schedule prescribes authorised investments for charitable or religious trusts: government and small savings instruments; Post Office, scheduled bank and cooperative bank deposits; specified public sector, statutory and regulated financial bonds and debentures including government guaranteed obligations; units of specified mutual funds and Unit Trust; approved equity and debt investments by designated entities engaged in housing, infrastructure, payments, incubator or securities market activities; immovable property; certain legacy corpus assets and bonus accretions; and time limited treatment for assets that cease to meet specified forms.
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