Question ID : 1003
Allowable Investments u/s 11 (5)
Can a Trust,Charitable stitution hold accumute its excess funds (filed vide Form no.10 with the IT department) with ABN Amro Bank?
One of the permissible areas prescribed under Section 11 (5) is vment Scheduled banks. Does ABN Amro or any other Private,Foreign Bank fall this category?
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