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The holder gets the tax benefit under Section 80C of Income Tax Act, 1961. [ 1 ] [ 2 ] Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [ 3 ] The certificates were heavily promoted by the Indian government in the 1950s after India's ...
The stanches of bonds were available for purchase for 10 days in the months of January, April, July, and October with an additional time-frame of 30 days in the year of general elections for Lok Sabha. [6] [7] [19] Electoral bonds featured anonymity since they bore no identification of the donor and the political party to which they were issued ...
On 10 December 2018, the Government of India made NPS an entirely tax-free instrument in India where the entire corpus escapes tax at maturity; the 40% annuity also became tax-free. [11] Any individual who is a subscriber of NPS can claim tax benefit for Tier-I account under Sec 80 CCD (1) within the overall ceiling of ₹1.5 lakhs under Sec 80 ...
How taxes on government bonds work. Government bonds are subject to varying tax treatments at the federal, state and local levels. For example, Treasury bills, notes and bonds are subject to ...
This is essentially how tax-free municipal bonds work. Investors lend money to the government in exchange for periodic interest payments until the bond reaches its maturity date, at which point ...
Minimum Alternative Tax has been introduced for Limited Liability Partnership (LLP) in line with MAT on companies with effect from the Assessment Year 2012–2013. The Government exempts assesses having no other income other than salary from furnishing the return of income by notification. The proposed amendment shall be effective from 1 June 2011.
J.P. Morgan has opted not to include India's government bonds in one of its flagship emerging market indexes after investors cited ongoing problems with capital controls, custody and settlement ...
India: G-sec: Not Found ... Government Bonds; Debt Issuance Programme (DIP and DIP 144A) ... Puerto Rico Sales Tax Revenue Bonds; North America