Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: form 3cd :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS
 
 
News Headlines »
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return
 Why cement companies are going in for M&As
 Govt moves to rework direct tax law after PM’s nudge
 New offer available for filing tax returns online, how to avail
 Draft Goods And Services Tax Return Rules, 20--
 How to file tax return as a representative of someone

Savings (Taxable) Bonds, 2003 Dated 21st April, 2014 (374 KB) PDF File Opens in a new window[8% Savings (Taxable) Bonds,
April, 25th 2014
                                    Government of India
                                     Ministry of Finance
                               Department of Economic Affairs
                                      Budget Division

                                                                New Delhi dated April 21, 2014

                                       NOTIFICATION

                             8% Savings (Taxable) Bonds, 2003

No. F 4 (10)-W&M/2003: The Government of India hereby notifies that sub-paragraph (i) in
Paragraph 9 (Applications) of the aforesaid Notification notified on March 21, 2003 shall be
substituted by the following sub-paragraph namely:-


"(i) Applications for the Bonds may be made in the Revised Form ,,A attached hereto or in
any other form as near as thereto incorporating all the fields in the revised form."

  The other terms and conditions of the notification shall remain unchanged.



                                                              By Order of the President of India



                                                                    (Dr. Rajat Bhargava)
                                                     Joint Secretary to the Government of India
                                                                 Revised Form `A' (Notified on April 21, 2014)

  (Banks to print separate forms for Cumulative and Non-Cumulative in different colours)

                                                  < Name of the bank >
                                                  < Name of the branch>
                                                                                               Application Number




          APPLICATION FORM FOR 8% SAVINGS (TAXABLE) BONDS, 2003
                         (Put  wherever required. Fields with `*' are mandatory)

For Office use only
Broker's name             Sub Broker's           Bank branch           Branch name &            BLA Number           Verified By
   & Code                 name & Code              stamp                   Code







    Date of               Date of Credit        Date of Credit             Date of             Full Address of
  transfer to               to Special          To Govt. A/C              receipt of             the Branch
   Link Cell               Current A/C                                   Application
 (DD/MM/YYYY)             (DD/MM/YYYY)          (DD/MM/YYYY)            (DD/MM/YYYY)




Applicant(s) name(s) [in block letters]
1stApplicant:Mr/Mrs/Ms
                                        Last Name                   First Name                         Middle Name

2ndApplicant:Mr/Mrs/Ms
                                      Last Name                   First Name                        Middle Name

3rdApplicant:Mr/Mrs/Ms
               Last Name                  First Name                             Middle Name

Guardian : Mr/Mrs/Ms

Last Name                   First Name                           Middle Name
Guardian's relationship with minor           [ ] Father                    [ ] Mother                [ ] Legal Guardian
                   st
*Date of Birth:1 Applicant(DD/MM/YYYY) ........./........./................      Gender: M/F
                    nd
*Date of Birth: 2 Applicant (DD/MM/YYYY) ........./........./................    Gender: M/F
                    rd
*Date of Birth: 3 Applicant (DD/MM/YYYY) ........./........./.................   Gender: M/F


Mother's maiden name

                                        Last Name                   First Name           Middle Name

Communication address of the applicant:


Telephones (office/residence)
Email Address
Status:                         [     ] Resident Individual                                      [] HUF

                                [     ] On behalf of minor                                       [] Charitable Institution
                                [     ] Power of Attorney holder                                 [] University

Investment details:                                                                              [     ] Open a new Bond Ledger Account

                                                                                                 [     ]Credit to my Bond Le
                                                                                                 ger Account No....................................

Mode of Holding:                                                 [     ] Single                  [     ] Joint                    [] Anyone or Survivor

Mode of investment:                                              [     ] Cash                    [     ] Cheque/DD

Cheque/DD No........................... dated ........../........../................ drawn on (Bank/branch) ........................................................
                                                 (DD/MM/YYYY)
 ................................................................................................................................................................................................................

for (Amount)`....................................... (Rupees.......................................................................................................................only)



*Bank details of First Applicant:(Please provide the following details for Interest/Redemption payment)
Interest Payment Options: Directly credit interest amount to my bank account No.
Particulars of the Bank account: Bank name..................................................... Branch..........................................................


Account Number
Nine digit Code number of the Bank & Branch
appearing on the MICR Cheque issued by the bank
IFSC Code

Signature and PAN Number
                              Signature/Thumb                           PAN Number                    I.T.Circle/Ward/                          Bank A/c                   No.         MICR CODE &
                              Impression@                                                             District                                  and Branch                             IFSC CODE


1st Applicant*




2nd Applicant




3rd Applicant


@Thumb impression to be attested by two witnesses on the back side
*All fields Mandatory.

Witnesses:
Name of 1st Witness...................................................                                           Name of 2nd Witness...................................................

Address...........................................................................                               Address........................................................................

..........................................................................................                       ..........................................................................................




Signature...........................................................................                             Signature..........................................................................
                                                                               NECS/NEFT Mandate Form
    (For credit of Redemption amount/interest to bank account not held with bank having the Bond Ledger Account)


1. Name of the First Applicant


1stApplicant:Mr/Mrs/Ms

                                                             Last Name                                   First Name                                               Middle Name

2. Particulars of the Bank account: Bank name..................................................... Branch..........................................................

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 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 Authorized Official)
                                                                           H.U.F. declaration form
                                                                     (Mandatory if applicant is Karta of HUF)

I,....................................................................., 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 powers to sell, endorse, transfer or
otherwise deal in the 8% Savings (Taxable) Bonds, 2003 standing in the name of the HUF.

Specimen signature for and on behalf of the HUF (name of the HUF).................................................................
                                                                                                                        (Signature of the Karta with seal of HUF)
 Place:...................................................          Date ............................
Nomination facility (optional)
I,................................................................................................. residing at........................................................................................
..................................................................................................., and holder of Bond Ledger Account 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(s) specified below :
                                                                                                  Particulars of Nominee /s
Sr.         Date              Amount                  Date of                     Full name with expanded          Date of  Relationship                                            Particulars
No.           of                   (`)              repayment                      initials and address of          birth    to holder                                               of bank
            issue                                                                          nominee                                                                                   account




If nominee is minor, please fill in the line below:
As.................................................................the sole nominee above is a minor on this date, I appoint Mr/Mrs/
Ms.................................................................... to receive the amount for the time being due on the above bond(s) in the
event of my death during the minority of the said nominee.........................................................(name of the nominee
who is a minor).
Change of nomination: This nomination is in substitution of the nomination dated ....../...../.......... made by me
and registered on your books at..................................................................................... which shall stand cancelled on
registration of this nomination.


Place.............................
Date......./......../..........
                                                                                                             Signature / Thumb impression of the 1st Applicant
                                                                                                             @Thumb impression to be attested by two witnesses.

Witnesses:
Name of 1st Witness.......................................................                                   Name of 2nd Witness......................................................

Address..............................................................................                       Address..............................................................................

............................................................................................                 ............................................................................................



Signature...........................................................................                         Signature..........................................................................
  INFORMATION            FOR INVESTORS IN 8% SAVINGS (TAXABLE) BONDS, 2003
Government of India had introduced 8% Savings (Taxable) Bonds, 2003 vide their
notification No. F.4 (10)-W&M/2003 dated March 21, 2003. The main features of the
Scheme are as under:-

Item                         8% Savings (Taxable )                               Remarks
                                Bonds, 2003
1)    Category        of   Individual                                    Non resident Indians are not
Investor                   HUF                                           eligible to invest in these bonds
                           University
                           Charitable Institution
2) Limit of investment     Minimum `.1000/- and in multiples of          No maximum limit
                           `.1000/-
3) Date of Issue of        Date of receipt of subscription in cash
   bonds                   or date of realization of cheque/draft
 4) Forms of Bonds         Bond Ledger Account

5) Option                  Non-cumulative / Cumulative                   Change of option is not permitted.
6) Interest                In case of non-cumulative option,             Half-yearly interest is payable on
                           interest is payable on half yearly basis.     1st February / 1st August
                           In case of Cumulative option, interest
                           is payable at the time of maturity
7) Post Maturity           Post Maturity Interest is not payable
   Interest
8) Bank account            It is mandatory for the investors to
                           provide bank account details          to
                           facilitate payment of interest /maturity
                           value
9) Tax benefits            Income from the bonds is taxable.             Tax will be deducted at source
                           Wealth tax is exempted.                       while interest is paid

10) Nomination             The sole Holder or all the joint holders      Non-Resident Indians can also be
    Facility               may nominate one or more persons as           nominated. However, remittance
                           nominee.                                      of the interest / maturity proceeds
                                                                         will be subject to the foreign
                                                                         Exchange regulations prevailing at
  


                                                                       the time of remittance

 11) Maturity period       After 6 years

12) Premature              Facility is available to the eligible
    redemption             investors as per the Govt. Notification
                           dated July 29, 2013 and subsequent
                           amendment vide Notification dated
                           August 16, 2013.
13) Transferability        The bonds are not tradable in the
                           secondary market. However, the Bonds
                           shall be eligible as collateral for loans.
14)      Loans from        The holders of the said bonds shall be
banks against the          entitled       to      create       pledge,
security   of  these       hypothecation or lien in favour of
Savings bonds              scheduled bank for loans against the
                           security of the bonds.
15) Application forms      Available at designated branches of SBI
                           and Associate banks, 18 Nationalised
                           banks, 3 Private Sector banks and
                           Stock Holding Corporation of India Ltd.
DUTIES OF INVESTOR/ APPLICANTS

   A) Please fill up the application in all respects
   B) Incomplete applications are liable to result in delay of issue of the bonds (at the cost of
      the applicant)
   C) In case the application is submitted by a Power of Attorney (POA) holder, please submit
      original POA for verification, along with an attested copy
   D) In case the application is on behalf of a minor, please submit the original birth certificate
      from the School or Municipal Authorities for verification, together with an attested copy
   E) Please note that nomination facility is available to a Sole Holder or all the joint holders
      (investors) of a Relief/Savings bond.
   F) In case nominee is a minor, please indicate the date of birth of the minor and a guardian
      can be appointed
   G) Nomination facility is not available in case the investment is on behalf of minor
   H) Please fill separate application form (different colours) for issue of CUMULATIVE / NON-
      CUMULATIVE bonds. Change of option is not permitted.
   I) Please notify the change of address immediately
   J) POST MATURITY INTEREST IS NOT PAYABLE AFTER DATE OF MATURITY.
      HENCE PLEASE OBTAIN REDEMPTION PROCEEDS ON THE DUE DATE
   K) Indicate your date of birth / age.
   L) Provide your bank account details for receiving payment through Electronic mode
   M) Any information regarding tax applicability may be provided to the bank/branch

RIGHTS OF THE INVESTOR
   a) The Bond will be issued on the same day if subscription is received in cash and on
      realization of the cheque if subscription is received through cheque.
   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 subscription in cash or date of
      realization of cheque. 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 will be credited to the bank account.
   e) An advice of payment of interest will be issued to the investor one month in advance
      from the due date.
   f) Maturity intimation advice will be issued one month before the due date of the bond.
   g) Facility for payment of interest and principal by 'demand draft free of cost or at par
      cheques' for up country customers is available.
   h) The facility of intra-bank branch and inter bank branch transfer of the bonds is available.
   i) Application forms for investments, redemption, NECS/NEFT Mandate, etc, in respect of
      Savings Bonds are available on the website at www............com (Banks and SHCIL
      website).
   j) 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
   k) The nomination will be registered at the Office of Issue and a Certificate of Registration
      will be issued to the holder.
   l) The nomination can be varied by registering a fresh nomination.
   m) The existing nomination can be cancelled by a request to the Office of Issue.
   n) The redemption is due on expiry of six years from the date of investment.
   o) Premature redemption facility has been introduced as per the conditions issued by the
      Govt. vide its Notification dated July 29, 2013 and subsequent amendment vide
      Notification dated August 16, 2013.
   p) The investor is entitled to receive repayment amount within five clear working days from
      the date of tender of acquaintance.
         q) To avoid delay in receipt of interest / redemption proceeds applicants may indicate his
            choice, for availing of half yearly interest / redemption proceeds through
            ECS/NEFT/RTGS or direct credit to the bank account.
         r) Investors are entitled for compensation for delayed payments at the rate decided by RBI
            vide their circulars issued from time to time.

In case the bank does not comply with the above, you may lodge a complaint in writing in the
form provided at the counter and address the same to the nearest office of Reserve Bank of
India as under :

               THE REGIONAL DIRECTOR,
               RESERVE BANK OF INDIA,
               CUSTOMER SERVICE DEPARTMENT/
               BANKING OMBUDSMAN
               (LOCATION)
               --------------------------------------

               YOU MAY ALSO ADDRESS YOUR COMPLAINT TO:

               THE CHIEF GENERAL MANAGER IN-CHARGE
               DEPARTMENT OF GOVERNMENT AND BANK ACCOUNTS
               CENTRAL OFFICE
               BYCULLA, OPP. BOMBAY CENTRAL RAILWAY STATION
               MUMBAI- 400 008, MAHARASHTRA

Disclaimer: -I have read and understood the details of information for the investors as well as
rights and duties of investors. The agent/bank has explained the features of the scheme to me.



Signature of the applicant

------------------------------------------ TEAR AWAY HERE ---------------------------------------

                                                      Acknowledgement of Application Form
                                                                                                                                                          Application No.




Bank branch.......................................................................................................                          Date ........./........../.......................


Received            from          Mr/Mrs/Ms..................................................................................................Cash/Draft/Pay                   Order/Cheque
No..........................................................                 dated                       ....../........./.............drawn                     on(Bank                        and
branch)..................................................................................................................................                                                       for

`....................(Rupees..................................................................... only) for the purchase of 8% Savings (Taxable) Bonds,

2003 for a period of 6 years, interest payable on cumulative[]/payable on Non-cumulative [] basis of the nominal

value of `...............................(Rupees..................................................................................................................................only).




                                                                                                                    Date, Bank Stamp & Signature of the authorized
                                                                                                                                  official of the Bank.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions