FAQs

Bonds

24 Feb 2003

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x Act, 1961, the capital gains arising from transfer of long term capital assets on or after 1 April 2000 will not be subjected to tax, if within a period of 6 months from the date of transfer of the asset, the capital gain as per the provisions of the Income Tax Act, 1961 is invested in these bonds.

In case of death of 1st applicant, payment of interest and redeemed value of the investment will be made to 2nd applicant after making the changes in the data base, however the name of the 1st applicant shall not be deleted from the bond scrips.

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