Amendment of section 13

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stitution for the relief of the poor, 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 p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....year exceeds five thousand rupees;"; (iii) after sub-section (4) 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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f India established under the Unit Trust of India Act, 1963 (52 of 1963); (v) investment in any security for money 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 Govern....