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<h1>Income-tax Rule 67 Amended: Investments Now Allowed in Govt Securities & SEBI-Approved Mutual Funds Since April 1999.</h1> The Central Board of Direct Taxes has amended the Income-tax Rules, 1962, effective from April 1, 1999, through the Income-tax (Twenty-Fourth Amendment) Rules, 2000. The amendment modifies Rule 67, allowing investments in Central Government securities and units of Mutual Funds dedicated to Government Securities, approved by the Securities and Exchange Board of India. These changes align with the investment pattern specified by the Department of Economic Affairs for approved provident, superannuation, and gratuity funds. The amendment ensures that its retrospective application does not adversely affect the interests of taxpayers.