TaxTMI 
TaxTMI 
Electoral Bond Scheme, 2018
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....re of promissory note which shall be a bearer banking instrument and shall not carry the name of the buyer or payee; (b) "authorised bank" means the State Bank of India authorised to issue and encash the bonds in the branches specified in Annexure I to this notification; (c) "issuing branch" means a designated branch of the authorised bank specified in Annexure I for issuing electoral bonds; (d) "person" includes- (i) an individual; (ii) a Hindu undivided family; (iii) a company; (iv) a firm; (v) an association of persons or a body of individuals, whether incorporated or not; (vi) every artificial juridical person, not falling within any of the preceding sub-clauses; and (vii) any agency, office or branch owned or controlled by su....
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....n the same day. 7. Procedure for making application for purchase of bonds.- (1) Every buyer desirous of purchasing bond can apply with a physical or through online application in the format specified in Annexure II to this notification. (2) Every application shall contain particulars as per the format in Annexure-II and shall be accompanied with the specified documents. (3) On receipt of an application, the issuing branch shall issue the requisite bond, if all the requirements are fulfilled. (4) The information furnished by the buyer shall be treated confidential by the authorised bank and shall not be disclosed to any authority for any purposes, except when demanded by a competent court or upon registration of criminal case by any law ....
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....3. Tax treatment.-- The face value of the bonds shall be counted as income by way of voluntary contributions received by an eligible political party, for the purpose of exemption from Income-tax under section 13A of the Income-tax Act, 1961. 14. Trading of bonds.--The bonds shall not be eligible for trading. Annexure I Name of Authorised Bank: STATE BANK OF INDIA [refer clause 2 (b)] List of Issuing Branches: [refer clause 2 (c)] S.NO. STATE BCODE BRANCH NAME 1 ANDHRA PRADESH 952 VISAKHAPATNAM 948 VIJAYAWADA 2 ANDAMAN & NICOBAR 156 PORT BLAIR 3 ARUNACHAL PRADESH 6091 ITANAGAR 4 ASSAM 78 GUWAHATI 5 BIHAR 152 PATNA MAIN BRANCH 6 CHANDIGARH 626 CHANDIGARH MAIN BRANCH 7 CHHATISGARH 461 RAIPUR 336 BI....
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....OF CHEQUE/DD/ DATED AMOUNT IN FIGURES: AMOUNT IN WORDS: DENOMINATION & NUMBER OF ELECTORAL BONDS REQUIRED (in denomination of ₹ 1000, ₹ 10,000, ₹ 1,00,000, ₹ 10,00,000 and ₹ 1,00,00,000) PAN NO. / TAN NO.AS APPLICABLE APPLICANT STATUS (As per clause 3(a) of the notification No…….dated…………) INDIVIDUAL HUF COMPANY FIRM CHARITABLE TRUST Others APPLICANT (S) DETAILS (IN BLOCK LETTERS) FIRST/ SOLE APPLICANT'S NAME IN FULL: DETAILS OF IDENTITY: (Passport, Aadhaar/Voter Id) SECOND APPLICANT'S NAME IN FULL: (Name of more applicant's can be added, if situation so demands) DETAILS OF IDENTITY: (Passport, Aadhaar/Voter Id) FIRST / SOLE APPLICANT'S ADDRESS IN....