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- Why invest in Infrastructure Bonds?
To save tax on Capital Gains
- When to invest in Capital Gains Tax Exemption Bonds?
Within six months of occurrence of Capital Gains
- Whether any TDS on interest?
No Tax deducted at source.
- What is the lock in period for the bonds?
3 years from the date of allotment in terms of section 54EC of IT Act, 1961
- What is the procedure for redemption of bonds?
- Against Bonds allotted in Physical form - Surrender duly discharged original Bond Certificate(s) alongwith duly filled/attested Option Form with respective registrar.
- Against Bonds allotted in Demat/Electronic form - Surrender copy of delivery instruction duly acknowledged by DP alongwith duly filled/attested Option Form with respective registrar
- What is the procedure for transfer of bonds?
Surrender duly executed transfer form and original Bond certificate(s) with respective registrar.
- What is the procedure for transfer of bonds to nominee name?
The nominee has to produce the following documents :
- Original bond certificate
- Copy of Death certificate attested by Notary
- Signature of nominee attested by Bank.
- Photo Identity proof of nominee
- What is the procedure for transmission of bonds to legal heir?
The legal heir has to produce the following documents :
- Original bond certificate
- Copy of Death certificate attested by Notary
- Copy of Probate or Letter of administration or Succession certificate or other legal representation from a Court of India and attested by Notary
- What is the procedure for name deletion on account of death of one of the joint holders?
The joint holder(s) have to produce the following documents :
- Original bond certificate
- Copy of Death certificate attested by Notary
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