Introducing the βIn Favour Ofβ filter in Case Laws.
- βοΈ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- π Narrow down results with higher precision
Try it now in Case Laws β


Just a moment...
Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Amendment to Rule 67: New Investment Guidelines for Provident, Superannuation, and Gratuity Funds Effective April 1, 2003.</h1> The Income-tax (Tenth Amendment) Rules, 2003, effective from April 1, 2003, amend the Income-tax Rules, 1962, specifically rule 67, detailing investment patterns for recognized provident, superannuation, and gratuity funds. The amendment specifies minimum investment percentages in various securities, including Central and State Government securities, public financial institution bonds, and public sector bank deposits. Trustees have discretion in investment decisions within specified limits, with provisions for investment grade ratings and exit options if ratings fall. The amendment aligns with the Department of Economic Affairs' Notification No. F5(18)/ECB/2001, ensuring no adverse effects on assessees.