Types of National Savings Certificates defined with issuance rules and explicit nonresident ineligibility. Three certificate forms are authorised: Single Holder Type (issuable to an adult for self, to an adult on behalf of a minor, or to a minor), Joint 'A' Type (two adults, payable to both jointly or to the survivor), and Joint 'B' Type (two adults, payable to either holder or to the survivor). Non-Resident Indians are not eligible to purchase National Savings Certificates.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Types of National Savings Certificates defined with issuance rules and explicit nonresident ineligibility.
Three certificate forms are authorised: Single Holder Type (issuable to an adult for self, to an adult on behalf of a minor, or to a minor), Joint 'A' Type (two adults, payable to both jointly or to the survivor), and Joint 'B' Type (two adults, payable to either holder or to the survivor). Non-Resident Indians are not eligible to purchase National Savings Certificates.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
