TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment Allows Surviving Joint Holder to Encash Term Deposit Before Maturity on First Holder's Death Under Section 80C.</h1> The Central Government has amended the Bank Term Deposit Scheme, 2006, through Notification No. 289/2007, effective from its publication date in the Official Gazette. This amendment introduces a proviso in paragraph 11, allowing the surviving joint holder of a term deposit to encash it before maturity upon the death of the first holder. The surviving holder must apply to the bank's branch manager with proof of the first holder's death. This amendment is issued under the authority of Section 80C of the Income-tax Act, 1961.
TaxTMI 
TaxTMI 
