§ 350
Chapter XVII — Special Provisions Relating To Certain Persons
Permitted modes of investment
Income-tax Act, 2025
Investments or deposits covered by this Part must be made only in the ways listed in Schedule XVI.
If a business wants to use any other method, the Central Government must first issue a notification specifying that mode.
The rule came into effect on 1 April 2026, and non‑compliance constitutes a specified violation.
📜 Official text of the section +
350. (1) The modes of investing or depositing the money under this Part, shall be
such as specified in Schedule XVI.
65. Inserted by the Finance Act, 2026, w.e.f. 1-4-2026.
(2) The modes of investing or depositing money under this Part, other than the
modes specified in Schedule XVI, shall be specified by the Central Government,
by notification.
5. —Violations
Specified violation.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.