Savings
Bond - Eligibility
The
main features of these bonds are as follows:
- 8% Savings Bonds (Taxable),
2003
- As an individual;
- Who is not a Non-resident
Indian
- In his or her individual
capacity or
- On joint basis,
or
- Anyone or survivor
basis, or
- On behalf of a minor
as father/mother/legal guardian.
- As a Hindu Undivided
Family
- As an Institution
- 'Charitable Insititution'
under section 25 of the Indian Companies Act 1956.
- Institution obtained
Certificate Of Registration as charitable institution
.
- Any Institution
which obtained certificate from Income Tax Authority
U/S 80G of Income Tax Act ,1961.
- "UNIVERSITY"
established or incorporated by Central, State or Provincial
Act, U/S 3 of University Grants Commission Act, 1956
(3 of 1956) .
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