Notification No.1- Income Tax S.O.10(E).–In exercise of the powers conferred by sub-clause (vii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Tax Free Municipal Bonds for an amount of rupees one hundred and twenty eight crores only to be issued by Nagpur Municipal Corporation during the financial year 2006-07 for the purpose of said sub-clause
Pursuant to the enhancement in overseas investment limits by RBI, it has now been decided that mutual funds can invest in ADRs/GDRs/Foreign Securities within overall limit
