Investment of fund moneys
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....d in the instruments given in column 2 of the following Table subject to the percentages given in column 3 thereof: Table Sl. No. Investment Percentage amount to be invested in items referred to in column 2 1 2 3 1. Government Securities and Related Investments. Minimum 45%. 2. Debt Instruments and Related Investments. Minimum 35%. 3. Short-term Debt In....
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....nt with any scheduled bank. (4) For the purposes of this rule,- (a) the expression "Government securities" shall have the same meaning as assigned to it in section 2(f) of the Government Securities Act, 2006 (38 of 2006); (b) the manner of investment specified in sub-rule (1) shall apply to the aggregate amount of moneys with the fund in the tax year; (c) moneys recei....
TaxTMI