8% Savings (Taxable) Bonds, 2003 - Income Tax Act, 1961 - TDS

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....td / HDFC Bank Ltd / ICICI Bank Ltd / IDBI Bank Ltd / & SHCIL Dear Sir, 8% Savings (Taxable) Bonds, 2003 - Income Tax Act, 1961 - TDS Please refer to our circular No. RBI/2007-08/141 with reference No. DGBA.CDD No. H-3024/13.01.299/2007-08 dated September 19, 2007 conveying certain clarifications with regard to application of Tax Deduction at Source (TDS) on 8 % Savings (Taxable) Bonds, 2....

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.... in respect of individuals, HUFs and Institutions?           The rates of TDS for various category of persons are as under:   Recipient Resident in India (TDS* Rate) Non Resident in India (TDS*Rate) For period 1.6.2007 to 31.3.2008 1.4.2008 onwards Before or after 1.6.2007 Company 20 % 20 % 40 % Other than a C....

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.... (iii) interest other than interest on securities, (iv) repayment of deposits under the National Saving Scheme, and (v) income in respect of units does not exceed the maximum amount which is not chargeable to tax. 2. Declaration in form 15H can be accepted from an individual resident in India, who is of the age of sixty-five years or more at any time during the previous year if a. tax on his....

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....eshold limit during the financial year. 5. In case of charitable institutions and trusts which are exempted from payment of Income Tax, whether exemption certificates issued by an Income Tax Officer should be insisted upon before allowing tax exemption or by their very nature of charitable, they are eligible for exemption from TDS A certificate issued by the Assessing Officer under sectio....