Proposed 10% Senior Citizens (Taxable) Bonds
We request Government of India to issue 10% Senior Citizens (Taxable) Bonds 2017 from January 2017. The terms & conditions can be same as for GOI 8% Savings (Taxable) Bonds 2003 except for eligible age. Government may also exempt these Bonds from TDS to make life of senior citizens comfortable. Banks can upload the interest paid for each PAN No. in Form 26AS for income tax purpose.
These Bonds can be issued by State Bank of India & Associate Banks, 17 Nationalised Banks, UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd., and
Stock Holding Corporation of India Ltd.
Once majority of members support the proposal we request Local Circle Administrator to forward the same to PM and Ministry of Finance for implementation with effect from 01/01/2017. more
These Bonds can be issued by State Bank of India & Associate Banks, 17 Nationalised Banks, UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd., and
Stock Holding Corporation of India Ltd.
Once majority of members support the proposal we request Local Circle Administrator to forward the same to PM and Ministry of Finance for implementation with effect from 01/01/2017. more
Viewed by 19
In case of Senior Citizens , the issues of [1] Serious Effect due to 2005 Amendment of Succession & Inheritance [2] Increasing luxurious trend of Indian Youth those in Cities [3] Last 3 decades paucity and absolute lack of Earning Opportunities in whole of 75% Indians AND , [4] The attitude of modernized Female and Male neglecting totally their own Parents ARE ALL TO BE CONSIDERED FOR ANY FINALIZATION . more
Oct 17
It has become essential requirement for senior citizen in view of falling interest rates. But why taxable. It should be tax free more
Oct 17
