Can the bonds be owned jointly?
Yes,
this bond can be held in the name of a single holder as well as jointly. Keep
in mind that even if you make separate applications, individually or jointly,
the aggregate investment should not exceed Rs. 50 lakh, or both of you may lose
the benefit under section 54EC. You will be able to avail a nomination facility
on these bonds.
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How is the interest earned on these bonds taxed?
There is no tax deductible at source on the interest paid by these bonds. But the interest earned on these bonds is taxable. You will need to pay tax on the interest income as advance tax.
Can two or more people own NSC certificates jointly?
Two people can own NSC certificates jointly, but not more. There are three types of joint certificates, -- Single holder Type, Joint A Type & Joint B Type. Single holder certificates, as name suggests, can be issued only to one individual, but ...
How much can you invest in REC/NHAI Bonds?
You can invest a minimum of Rs. 10,000 and a maximum of Rs. 50 lakh. The face value is Rs. 10,000 per bond, so you can buy up to 500 bonds.
How is interest on corporate bonds of public and private companies taxed?
Interest on corporate bonds is taxable on accrual basis at slab rates. Since these are dematerialised and listed, there is no TDS and there is a possibility of capital gains arising from sale of the bonds which is taxed as per capital gains tax ...
I have made investments in REC/NHAI bonds but the date of issue of bonds by REC/NHAI is beyond six months. Am I eligible?
The eligibility for the benefits depends upon the date of payment by you towards investments in REC/NHAI bonds and date of receipt of such payments by REC/NHAI. If they have received your payments within a period of six months, you are eligible for ...