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Regarding sec. 10(23c) or 12aa

This query is : Resolved 
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(Querist)
06 May 2014 Dear Friends
My client is running many educational institution under registered u/s 12AA. some of institution has revenue less then Rs. 1 crore or more then 1 crore.

My client want transfer extra fund from saving a/c to mutual fund so can earn interest with higher rate.

Can any restriction under the income tax act regarding above investment or deposit
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
06 May 2014 it is permitted under section 11(5)(xii)
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