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Statutory Provisions

Home Acts & Rules Bill Bills DIRECT TAXES CODE BILL, 2009 Chapters List Chapter IV SPECIAL PROVISIONS RELATING TO COMPUTATION OF TOTAL INCOME OF NON-PROFIT ORGANISATIONS This

Clause 91 - Prohibited forms and modes of investment - DIRECT TAXES CODE BILL, 2009

DIRECT TAXES CODE BILL, 2009
Chapter IV
SPECIAL PROVISIONS RELATING TO COMPUTATION OF TOTAL INCOME OF NON-PROFIT ORGANISATIONS
  • Contents

 Prohibited forms and modes of investment

91. (1) The forms and modes of investment referred to in sub-clause (xi) of clause (d) of section 96 shall be the following, namely:-

    (a) investment in the capital or equity, as the case may be, of an associated concern;

    (b) investment in any bond, debenture or any other debt instrument issued by an associated concern;

    (c) deposit with an associated concern;and

    (d) any other form or modes of investment as may be prescribed.

 
 
 
 

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