TaxTMI 
TaxTMI 
Amendment of section 13
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.... education or medical relief, which carries on any business, any income derived from such business, unless the business is carried on in the course of the actual carrying out of a primary purpose of the trust or institution;"; (b) after clause (c) and the provisos thereto, the following clause shall be inserted, namely: - "(d) subject to the provisions of clause (bb), in the case of a trust fo....
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....) and before Explanation 1, the following sub-sections shall be inserted, namely: - '(5) The forms and modes of investing or depositing funds referred to in clause (d) of sub-section (1) shall be- (a) subject to the provisions of clause (b), in a case where such funds represent the original corpus of the trust or institution or any contributions made to the trust or institution with a spec....
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....ey created and issued by the Central Government or a State Government: (vi) investment in debentures issued by, or on behalf of, any company or corporation both the principal whereof and the interest whereon are fully and unconditionally guaranteed by the Central Government or by a State Government; (vii) investment or deposit in any Government company as denned in section 617 of the Companies....