Bonds

FAQs:

• Are these infrastructure bonds tax free?
• Can a minor apply for subscription to these bonds?
• Can I apply in joint names?
• Can I get loan on these bonds?
• Can NRIs invest in NCDs?
• Do we require a DEMAT account for investing in NCDs?
• How to purchase NCDs?
• How will i get my interest on the due date?
• I don’t have a PAN card. Can I still apply for subscription?
• I don’t have demat account. Can I apply?
• I only have a joint demat account. Can I apply in my own name only?
• Is investing in NCDs better than parking funds in corporate and Bank FDs?
• Is PAN also mandatory while investing in NCD?
• What are income tax implications? How the returns from NCDs are taxed?
• What are NCDs?
• What is the benefit of investing in tax saving Infrastructure Bonds if they offer the same tax benefit?
• What is the maximum amount for which the benefit u/s 80CCF be availed?
• What is the tax treatment of interest on Infrastructure Bonds?
• What is the tenure & lock-in period of these tax free Infrastructure Bonds?
• What would happen if I apply amount more than Rs. 20,000/-?
• What’s the difference between NCDs & FDs?
• Where shall I submit the application forms?
• Who are the eligible investors?
• Who can offer these long term Infrastructure Bonds?
• Who would get the interest in case of the joint application?
• Will TDS be deducted on these bonds?

Source Money Control