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7.75% Savings Bonds: interest is taxable; use Revised Form A; tax exempt applicants must declare and attach certificate. The notification substitutes clauses to state that interest on 7.75% Savings (Taxable) Bonds, 2018 is taxable under the Income Tax Act; applications must be made in Revised Form A with applicant details; applicants claiming income tax exemption must declare the exemption and attach a true copy of the tax authority certificate; and brokers registered with Receiving Offices will receive brokerage at 0.5% of the amount mobilized on stamped applications submitted on behalf of clients.
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7.75% Savings Bonds: interest is taxable; use Revised Form A; tax exempt applicants must declare and attach certificate.
The notification substitutes clauses to state that interest on 7.75% Savings (Taxable) Bonds, 2018 is taxable under the Income Tax Act; applications must be made in Revised Form A with applicant details; applicants claiming income tax exemption must declare the exemption and attach a true copy of the tax authority certificate; and brokers registered with Receiving Offices will receive brokerage at 0.5% of the amount mobilized on stamped applications submitted on behalf of clients.
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