{"id":39886,"date":"2018-02-01T09:25:56","date_gmt":"2018-02-01T09:25:56","guid":{"rendered":"https:\/\/www.edristi.in\/?p=39886"},"modified":"2018-02-01T09:25:56","modified_gmt":"2018-02-01T09:25:56","slug":"launching-savings-taxable-bonds-2018","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/launching-savings-taxable-bonds-2018\/","title":{"rendered":"Launching of Savings (Taxable) Bonds, 2018"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Recently, on which date 7.75% savings (taxable) bond, 2018 commenced, launched by the Government of India?<\/strong><br \/>\n(a) January 31, 2018<br \/>\n(b) January 10, 2018<br \/>\n(c) January 25, 2018<br \/>\n(d) January15, 2018<br \/>\n<strong>Answer- (b)\u00a0<\/strong><strong><br \/>\nRelated Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On January 4, 2018, Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10<sup>th<\/sup>January 2018 to enable resident citizens\/HUF to invest in a\u00a0taxable bond, without any\u00a0monetary ceiling.<\/li>\n<li><strong>The main features of the Bonds are:<\/strong><\/li>\n<li><strong>Who can invest:<\/strong> The Bonds are open to investment by individuals (including Joint Holdings) and Hindu Undivided Families.<\/li>\n<li>NRIs are not eligible for making investments in these Bonds.<\/li>\n<li><strong>Subscription:<\/strong>Applications\u00a0for\u00a0the\u00a0Bonds\u00a0in\u00a0the\u00a0form\u00a0of\u00a0Bond\u00a0Ledger Account will be received in the designated branches of agency banks and SHCIL in all numbering about 1600.<\/li>\n<li><strong>Issue Price:<\/strong> The\u00a0Bonds will\u00a0be\u00a0issued\u00a0at par\u00a0e.\u00a0at Rs.100.00<\/li>\n<li>The Bonds will be issued for a minimum\u00a0amount\u00a0of Rs.1,000\/- (face value) and in multiples thereof. Accordingly, the issue price,\u00a0will\u00a0be Rs.1,000\/-\u00a0for\u00a0every\u00a01,000\/-\u00a0(Nominal).<\/li>\n<li>The Bonds will be issued in demat form (Bond Ledger Account) only.<\/li>\n<li><strong>Period:<\/strong> The\u00a0Bonds will beon tap\u00a0till\u00a0 further\u00a0notice\u00a0and\u00a0issued in cumulative and non-cumulative<\/li>\n<li><strong>Limit<\/strong><strong>of\u00a0investment:<\/strong>\u00a0There\u00a0will\u00a0be no\u00a0maximum\u00a0limit\u00a0for\u00a0investment\u00a0in the Bonds.<\/li>\n<li><strong>Tax treatment:<\/strong><\/li>\n<li>Income-tax: Interest on the Bonds will be taxable under the Income-tax Act, 1961 as applicable according to the relevant tax status of the bond holder.<\/li>\n<li>Wealth tax: The Bonds will be exempt from Wealth-tax under the Wealth Tax Act, 1957.<\/li>\n<li><strong>Maturity and rate of interest:<\/strong> The Bonds will have a maturity of\u00a07 years\u00a0carrying interest at\u00a075%\u00a0per annum payable half- yearly.\u00a0 The cumulative value of Rs. 1,000\/- at the end of seven years will be\u00a0Rs. 1,703.<\/li>\n<li><strong>Transferability:<\/strong>The\u00a0Bonds\u00a0are\u00a0not<\/li>\n<li>The\u00a0Bonds\u00a0are\u00a0not\u00a0tradeable in the Secondary\u00a0market\u00a0and are\u00a0not\u00a0eligible as collateral for loans from banking institutions, non-banking financial companies or financial institutions.<\/li>\n<li><strong>Nomination:<\/strong> A sole holder or a sole surviving holder of a Bond, being an individual, can make a nomination<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><br \/>\n<a href=\"http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=175293\" target=\"_blank\" rel=\"noopener\">http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=175293<\/a><br \/>\n<a href=\"http:\/\/www.businesstoday.in\/current\/economy-politics\/7.75-savings-bonds-scheme-government-launch-taxable-tax-interest\/story\/267282.html\" target=\"_blank\" rel=\"noopener\">http:\/\/www.businesstoday.in\/current\/economy-politics\/7.75-savings-bonds-scheme-government-launch-taxable-tax-interest\/story\/267282.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Recently, on which date 7.75% savings (taxable) bond, 2018 commenced, launched by the Government of India? (a) January 31, 2018 (b) January 10, 2018 (c) January 25, 2018 (d) January15, 2018 Answer- (b)\u00a0 Related Facts: On January 4, 2018, Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":39076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-39886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/39886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=39886"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/39886\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/39076"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=39886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=39886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=39886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}