TMI BlogWhat are the permissible modes for investment or deposit under Section 11(5) read with Rule 17C?X X X X Extracts X X X X X X X X Extracts X X X X ..... ny Post Office Savings Bank Account; (d) Deposit in any account with any scheduled bank or a cooperative bank (including a cooperative land mortgage bank or cooperative land development bank); (e) Investment in units of UTI; (f) Investment in Central Government or State Government Securities; (g) Investment in debentures of any corporate body, the principal whereof and the interest whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance for the construction or purchase of houses in India for residential purposes, provided the company is eligible to claim deduction under Section 36(1)(viii); (k) Deposits with a public sector company or investment in any bonds issued by a public sector company providing long-term finance for urban infrastructure in India. (l) Deposits with IDBI; (m) Investment in the units issued un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ure finance company registered with the RBI; (u) Investment in 'stock certificate' as defined in paragraph 2(c) of the Sovereign Gold Bonds Scheme, 2015 ; (v) Investment made by a person authorised under section 4 of the Payment and Settlement Systems Act, 2007 in the equity share capital or bonds or debentures of a company: Which is engaged in operations of retail payments ..... X X X X Extracts X X X X X X X X Extracts X X X X
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