https://www.taxtmi.com/article/detailed?id=9188 Permitted application of charitable receipts is confined to specified deposits and investments: post office and scheduled/cooperative bank deposits; Government Saving Certificates; Central and State Government securities; Unit Trust units; government guaranteed company debentures; approved financial and housing bonds; deposits in public sector companies (with a deemed continuity rule if public status ceases); public company bonds for urban infrastructure; immovable property (subject to exclusions); deposits with development finance institutions; and other prescribed modes, supplemented by Rule 17C which adds specified mutual fund units, transfers to the Public Account, housing and urban development authority deposits, certain equity and debt instruments, and sovereign gold bond certificates. en-us Tue, 19 May 2020 10:19:16 +0530 Tue, 19 May 2020 10:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9188 Permitted application of charitable receipts is confined to specified deposits and investments: post office and scheduled/cooperative bank deposits; Government Saving Certificates; Central and State Government securities; Unit Trust units; government guaranteed company debentures; approved financial and housing bonds; deposits in public sector companies (with a deemed continuity rule if public status ceases); public company bonds for urban infrastructure; immovable property (subject to exclusions); deposits with development finance institutions; and other prescribed modes, supplemented by Rule 17C which adds specified mutual fund units, transfers to the Public Account, housing and urban development authority deposits, certain equity and debt instruments, and sovereign gold bond certificates. Articles Income Tax Tue, 19 May 2020 10:19:16 +0530 https://www.taxtmi.com/article/detailed?id=9188