TaxTMI 
TaxTMI 
Issue of Inflation Indexed National Savings Securities - Cumulative, 2013
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....nbsp; (a) 'Charitable Institution' to mean a Company registered under Section 25 of the Indian Companies Act 1956; or (b) An institution which has obtained a Certificate of Registration as a charitable institution in accordance with a law in force; or (c) Any institution which has obtained a certificate from an Income Tax Authority for the purposes of Section 80G of the Income Tax Act, 1961. (iv) "University" means a university established or incorporated by a Central, State or Provincial Act, and includes an institution declared under section 3 of the University Grants Commission Act, 1956 (3 of 1956), to be a university for the purposes of that Act. Limit of Investment 3. Minimum limit for investment in the bonds is Rs. 5,000 and maximum limit for investment is Rs. 500,000 per applicant per annum. Tax Treatment 4. Income-tax: Interest on the Bonds will be taxable under the Income-tax Act, 1961 as applicable according to the relevant tax status of the Bonds holder. Issue Price 5. (i) The Bonds will be issued at par, i.e. at.100.00 per cent. (ii) The Bonds....
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.... nominees and either or any of them dies before such payment becomes due, the title to the Bonds shall vest in the surviving nominee or nominees and the amount being due thereon shall be paid accordingly. In the event of the nominee or nominees predeceasing the holder, the holder may make a fresh nomination. (iii) No nomination shall be made in respect of the Bonds issued in the name of a minor. (iv) A nomination made by a holder of Bonds may be varied by a fresh nomination as near thereto as may be, or may be cancelled by giving notice in writing to the Receiving Office in Form annexed to the notification. (v) Every nomination and every cancellation or variation shall be registered at the Reserve Bank of India through the authorised bank and shall be effective from the date of such registration. (vi) If the nominee is a minor, the holder of Bonds may appoint any person to receive the Bonds/amount due in the event of his/her death during the minority of the nominee. Transferability 12. The Bonds in the form of Bonds Ledger Account shall be transferable to nominee(s) on death of holder (only individuals). Interest 13. The Bonds will bear interest at the rate ....
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....Name First Name Middle Name Guardian Mr/Mrs/Ms Last Name Guardian's relationship with minor [ ] Father *Date of Birth: 1st Applicant (DD/MM/YYYY) / *Date of Birth: 2nd Applicant (DD/MM/YYYY) *Date of Birth: 3rd Applicant (DD/MM/YYYY) Mother's maiden name First Name [ ] Mother Gender: M/F Gender: M/F Gender: M/F Last Name First Name Communication address of the applicant: Telephones (office/residence) Middle Name [ ] Legal Guardian Middle Name 1 ## Any one of these documents and in case of multiple investments by the same individual, the same ID should be provided. Page 5 of 13 Email Address ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Status: ( ) Resident Individual [ ] On behalf of minor [ ] HUF [ ] Charitable Institution [ ] Power of Attorney holder [ ] University Amount of Investment: .. (Rupees only) Mode of Holding: [ ] Single [ ] Joint [ ] Anyone or Survivor Mode of subscription: Cheque/DD No..... [ ] Cash [ ] Cheque/DD dated drawn on (Bank/branch) (DD/MM/YYYY) (Rupees.. for (Amount) ..only) *Bank details of 1st Applicant: (Please provi....
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....on the amount of investments found in excess of the prescribed limit. Date: Place: Witnesses: Name of 1st Witness.. Address.... Signature... Signature or thumb impression of the Subscriber (Thumb impression to be attested by two witnesses) Name of 2nd Witness.... Address..... Signature....... Page 7 of 13 NECS/NEFT Mandate Form (For credit of redemption amount/interest to bank account) 1. Name of the First Applicant Mr/Mrs/Ms Last Name First Name Middle Name Branch.... 2. Particulars of the Bank account: Bank name... Nine digit Code number of the Bank & Branch appearing on the MICR Cheque issued by the bank IFSC Code (Please attach a photocopy of the Cheque leaf or a cancelled cheque issued to you by the bank for verification of the Code number) 3. Account Type [ ] S. B. account [ ] Current Account Account Number Ledger Number Ledger Folio No. I, hereby authorize (name of the bank) to credit my interest/redemption amounts through NECS/NEFT. I hereby declare that the particulars given above are correct and complete. If the transaction is delayed at all for reasons of incomplete or incorrect information, I would not hold the user institution resp....
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....GS SECURITY-CUMULATIVE (IINSS-C) Government of India has introduced Inflation Indexed National Savings Security-Cumulative (IINSS-C) vide their notification No. The main features of the Scheme are as under:- Inflation Indexed National Savings Security-Cumulative Individual, HUF, Item 1) Category of Investor 2) Limit of investment Minimum 3) Date of Issue of bonds 4) Forms of Bonds 5) Interest Option 6) Post Maturity Interest 7) Bank account 8) Nomination Facility 9) Maturity period 10) Premature redemption 11) Transferability 12) Loans from banks against the security of these Savings bonds 13) Application forms University, Charitable Institution. *5,000/- and Maximum investment Rs.5,00,000/- per investor per annum Date of receipt of cheque/draft Demat Remarks Non resident Indians are not eligible to invest in these bonds funds/realization of Bond Ledger Account (BLA) Cumulative i.e. interest is payable at the Half-yearly interest compounding time of maturity Post Maturity Interest is not payable It is mandatory for the investors to provide bank account details to facilitate payment of interest /maturity value The sole Holder or all th....
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....before the due date of the bond. Facility for payment of interest and principal by 'demand draft free of cost or at par cheques' for is available. The facility of intra-bank branch and inter bank branch transfer of the bonds is available. Application forms for investments, redemption, NECS/NEFT Mandate, etc. in respect of IINSS-C Bonds are available on the website at www..............com (Banks and SHCIL website). g) A sole holder or all the joint holders may nominate one or more nominees to the rights of the bonds. Non- resident Indians can also be nominated h) The nomination will be registered at the Office of Issue and a Certificate of Registration will be issued to the holder. i) The nomination can be varied by registering a fresh nomination. j) The existing nomination can be cancelled by a request to the Office of Issue. k) The redemption is due on expiry of ten years from the date of investment, unless applied for premature redemption as applicable. 1) The investor is entitled to receive repayment amount within five clear working days from the date of tender of acquaintance. m) To avoid delay in receipt of interest/redemption proceeds applicants may indicate....