Mode of investment as specified in sub-section (5) of section 11 of the Income-tax Act--Investment in ``Kisan Vikas Patra'' and ``Indira Vikas Patra''--Clarification regarding
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....arding. Circular No. 566 Dated 17/7/1990 Sub-section (5) of section 11 of the Income-tax Act, 1961, specifies the forms and modes of investment or deposit of surplus money by public charitable or religious trusts and institutions as referred to in section 11(2)(b) of the Act. Clause (i) of the said sub-section (5) specifies one of the forms of investment as investment in savings certificates as....




TaxTMI
TaxTMI