8% Savings (Taxable) Bonds 2003 - ଆରବିଆଇ - Reserve Bank of India
8% Savings (Taxable) Bonds 2003
January 16, 2004
Pausha 26, 1925
Circular No. RBI / 2004 / 13
Ref.DGBA.CO.DT.13.01.299/H- 3819 /2003-04
The Chairman & Managing Director,
SBI & Associate Banks,
& 17 Nationalised Banks,
UTI Bank Ltd., ICICI Bank Ltd.,
HDFC Bank Ltd. IDBI Bank Ltd. &
Stock Holding Corporation of India Ltd.
Dear Sir,
8% Savings (Taxable) Bonds 2003
Please refer to our letter No.CO.DT.13.01.299/H-38362002-03 dated 3rd April 2003 on the captioned subject. In this connection, we advise that Government of India has since notified that para 14 of the Ministry of Finance’s Notification No.F4(10)-W&M/2003 dated 21st March 2003 has been deleted vide their Notification No.F.4(10)-W&M /2003 dated 13th January 2004.
Accordingly, we advise that no tax should be deducted at source while making payment of interest on the captioned bonds.
Yours faithfully,
sd/-
( B.B. Sangma )
General Manager
Endt.No.CO.DT.13.01.299/ H-3819-A /2003-04
Copy forwarded for information to the Regional Directors, Reserve Bank of India Public Debt Office, Ahmedabad / Bangalore / Kolkata / Chennai/ Hyderabad/ Jaipur/ Kanpur/ Fort,Mumbai/ Byculla Mumbai / Nagpur / New Delhi/ Patna/ Thiruvananthapuram / Bhopal / CAS Nagpur.
(U.C.Jaiswal)
Asstt.General Manager
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