Amendment to 7.75% Savings (Taxable) Bonds 2018, Notification No S.O.44 (E)
X X X X Extracts X X X X
X X X X Extracts X X X X
.... following shall be substituted: 4. Tax Treatment: Interest on the Bonds will be taxable under the Income Tax Act, 1961 as applicable according to the relevant tax status of the Bond holders. 9. Application: 9(i) Applications for the Bonds, either in physical form or electronic form, may be made in the Revised Form A attached hereto, as Annexure 2, or in any other form as near as thereto stating clearly the amount, name and full address of the applicant/s. 9(iii) Applications who have obtained exemption from Income Tax under the relevant provisions of the Income Tax Act, 1961, shall make a declaration to that effect in the application (in Revised Form A) and submit a true copy of the certificate obtained from Income Tax Authorit....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e Last Name Communication address of the applicant: Telephones (office/residence) Email Address First Name [ ] Mother Gender: M/F Gender: M/F Gender: M/F Middle Name [ ] Legal Guardian First Name Middle Name Status: [ ] Resident Individual [ ] HUF [ ] On behalf of minor [ ] Power of Attorney holder Investment details: [ ] Open a new Bond Ledger Account [ ] Credit to my Bond Ledger Account No... Mode of Holding: [ ] Single [ ] Joint Mode of investment: Cheque/DD No...... [ ] Anyone or Survivor ( [ ] Cash dated /. (DD/MM/YYYY) ) Legal Guardian [ ] Cheque/DD [ Electronic credit drawn on (Bank/branch) for (Amount)... (Rupees... .......only) *Bank details of First Applicant:(Please provide the following d....
X X X X Extracts X X X X
X X X X Extracts X X X X
....en 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 responsible. I hereby agree to discharge the responsibility expected of me as a participant under the scheme. Place..... Date. (Signature of the Applicant). Bank Certification (Not required if photocopy of the cheque is submitted) Certified that the particulars furnished above are correct as per our records. (Date, Bank Stamp & Signature of Authorised Official) H.U.F. declaration form (Mandatory if applicant is Karta of HUF) residing at the address given against First Applicant, do solemnly affirm that I am the Karta of the Hindu Undivided Family and as such have full ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....payable to It is mandatory for the investor/s to provide bank account details facilitate payment of interest /maturity value directly to his/her/their bank account. Income from the bonds is taxable. The sole Holder or all the joint holders may nominate one or more persons as nominee. After 7 years Facility is available to the eligible investors after Lock in period of 4, 5, and 6 years in the age bracket of 80 years and above, between 70 to 80 years and 60 to 70 years respectively. The bonds are not tradable in the secondary market. Available at designated branches of SBI, 18 Nationalised banks, 3 Private Sector Banks and Stock Holding Corporation of India Ltd. Half-yearly interest is payable on 1st February 1st Augu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....issued on the same day if subscription is received in cash and on realization of the cheque/DD/electronic credit if subscription is received through cheque/DD/electronic credit. b) The Certificate of Holding will be issued within 5 days from the date of tender of application. c) The interest on the bond accrues from the date of receipt of subscription in cash or date of realization of cheque/DD/electronic credit. The interest will be credited to the bank account of the holder directly provided by him/her in the application form. d) The interest on the date of 1st February / 1st August with last instalment on date of redemption. e) An advice of payment of interest will be issued to the investor one month in advance from the due da....
TaxTMI