TaxTMI 
TaxTMI 
Issue 8% Savings (Taxable) Bonds, 2003
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.... under clause (ii) or (iii) of sub-section (1) of section 35 of 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. There will be no maximum limit for investment in the Bonds. 4. Tax treatment (i) 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 bond holder. (ii) Wealth-tax - The Bonds will be exempt from Wealth-tax under the Wealth-tax Act, 1957. 5. Issue Price (i) The Bonds will be issued at par i.e. at ₹ 100.00 per cent. (ii) The Bonds will be issued for a minimum amount of ₹ 1,000 (face value) and in multiples thereof. Accordingly, the issue price will be ₹ 1,000 for every ₹ 1,000 (Nominal). Subscription 6. Subscription to the Bonds will be in the form of cash/drafts/cheques. Cheques or drafts should be drawn in favour of the bank (Receiving Office), specified in paragraph 10 below and payable at....
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....r 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 a bond may be varied by a fresh nomination in Form B or as near thereto as may be, or may be cancelled by giving notice in writing to the Receiving office in Form C annexed to the notification (TB-5). (v) Every nomination and every cancellation or variation shall be registered at the Receiving Office where the bond is issued and shall be effective from the date of such registration. (vi) If the nominee is a minor, the holder of a bond may appoint any person to receive the bond/amount due in the event of his death during the minority of the nominee. Transferability 12. The Bonds in the form of Bond Ledger Account shall not be transferable. Interest 13. The Bonds will bear interest at the rate of 8% per annum. Interest on non-cumulative bonds will be payable at half-yearly intervals from the date of issue in terms of paragraph 7 above or interest on cumulative bonds will be compounded with half-yearly rests and will be payable on maturity along with the principal, as the subscriber may choose. In the latter case, the mat....
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....1 2 3 4 5 6 7 8 9 10 *Due date of repayment to be indicated in the case of transfer. Annexure 1 Government of India Form 'TBY' Certificate of Holding (Cumulative) 8% Savings (Taxable) Bonds, 2003 Bond Ledger Account No. We hereby certify that Shri/Smt................................................is the holder of 8% Savings (Taxable) Bonds, 2003 held in the Bond Ledger Account No. ........................... with....................... (Name of the Bank branch) as per details given below. This is issued subject to the terms and conditions laid down in Government of India Notification No. F.4(10) W&M/2003 dated 21st March, 2003. The maturity value of the Bonds shall be ₹ 1601 (being principal and interest) for every ₹ 1,000 (Nominal). Name of the Receiving Office Branch Code No. Official Seal. 1. (Name.............................) 2. (Name.......................) Designation Designation Nomination Registered at Sl. No. Signature of the Head of the Receiving Office/ officer next to him. Note : This certificate is non-negotiable. Details of Bonds held in the Bond Ledger Account Investment Transfer Due date of repayment* Repayment Balan....
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....te PIN Full name and address of 2nd applicant Full name and address of 3rd applicant Permanent account number First Applicant Second Applicant Third Applicant ........................................................................................................................... Signature/Thumb Impression of 1st Applicant †Signature Name and Address of witness (1) ..................................................................... Signature/Thumb impression of 2nd Applicant (2) ..................................................................... Signature/Thumb impression of 3rd Applicant Note : @Interest on Bonds in the form of Bond Ledger Account by credit to the bank account to the holder or by cheque/warrant. †In case of thumb impression. HUF Declaration Form (Refer to Annexure 2 - Form A (See para 9) (Only if applicant is Karta of HUF) I, SEX : M. [ ] F. [ ] Residing at the address given against the first applicant, do solemnly affirm That I am the Karta of the Hindu Undivided Family styled (Name of the HUF and address) And as such have full powers to invest, transfer or otherwise deal in 8% savings (taxable) bonds, 2003 standing ....
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.... made on behalf of a (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, such application shall be signed by an authority authorized to sign the documents on behalf of such Charitable Institution. Certified copies of the relevant documents shall be submitted along with the application. 9. If the application is made on behalf of a "University", means any university established under any statute, such application shall be signed by an authority authorized to sign the documents on behalf of such University. Certified copies of the relevant documents shall be submitted along with the application. 10. The nomination may be made by a sole holder (other than a minor) in case of bonds in the form of Bond Ledger Account in Form 'B' or as near thereto as may be. A nomination made may be varied or cancelled by notifying branch of authorised Receiving ....
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....as Bank 62 18. Punjab National Bank 168 19. Syndicate Bank 81 20. UCO Bank 59 21. Union Bank of India 34 22. United Bank of India 38 23. Corporation Bank 55 24. Oriental Bank of Commerce 11 25. Vijaya Bank 43 26. HDFC Bank Ltd. 37 27. ICICI Bank Ltd. 48 28. IDBI Bank Ltd. 43 29. UTI Bank Ltd. 29 30. Stock Holding Corporation of India Ltd. 32 1575 Annexure 4 Form B [See Para 11(i)] 8% Savings (Taxable) Bonds, 2003 Form of Nomination I, (Name and Address) The holder of bond ledger accounts No. @ Nominate the following person/s who shall on my death have the right to the bond/receive payment of the amount for the time being due on the bond specified below: Particulars of nominee Date of issue Amount Rs. Date of repayment Full Name with expanded initials and address of nominee Date of Birth Relation- ship to Holder Particulars of Bank Account $As ........ the sole nominee above is a minor on this date, I appoint Shri/Smt./Kum. ............... to receive the amount for the time being due on the above bond in the event of my death during the minority of the said nominee. $$ ............. †The nomination is in substituti....