Section 10(15)(i)- Specification of securities, bonds, annuity certificates, savings certificates, other certificates - 8387 (G.S.R.607 (E)) - Income Tax

NOTIFICATION NO. 8387 DATED 9-6-1989 G.S.R.607 (E)- In exercise of the powers conferred by sub-clause (i) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the securities, bonds, annuity certificates, savings certificates, other certificates issued by the Central Government and deposits mentioned in column (2) of the Table below and the maximum limit of the amount of the interest, premium on redemption and other payment mentioned in the corresponding entry in column (3) of the said Table for the purposes of the aforesaid provisions of the Income-tax Act, 1961, for the assessment year 1989-90 and subsequent assessment years. TABLE Sl. Name of Securities, bonds, annuity certificates, etc. Maximum amount No. 1 2 3 1. 12 years National Savings Annuity Certificates Whole of the amount 2. National Defence Gold Bonds, 1980 Whole of the amount 3. Special Bearer Bonds, 1991 Whole of the amount 4. Treasury Savings Deposit Certificates (10 years) Whole of the amount 5. Post Office Cash Certificates (5 years) Whole of the amount 6. National Plan Certificates (10 years) Whole of the amount 7. National Plan Savings Certificates (12 years) Whole of the amount 8. Post Office National Savings Certificates (12 years/7 years) Whole of the amount 1 [ 9. Post Office Savings Bank Account To an extent of the interest of ₹ 3,500 in the case of an individual account and ₹ 7,000 in the case of joint account ] 10. Public Account of the nature referred to in item (6) in the Table below rule 4 of the Post Office Savings Account Rules, 1981 ₹ 5,000 11. Post Office Cumulative Time Deposits Rules, 1981 Whole of the amount 12. Scheme of Fixed Deposits governed by the Government Savings Certificates (Fixed Deposits) Rules, 1968 Whole of the amount 13. Scheme of Fixed Deposits governed by the Post Office (Fixed Deposits) Rules, 1968 Whole of the amount 14. Special Deposit Scheme, 1981 Whole of the amount (F. No. 142/18/88-TPL]) (Sd.) Arbind Modi, Under Secretary to the Government of India. ********* Notes 1. Substituted vide NOTIFICATION NO. 32/2011 DATED 3-6-2011 before it was read as 9. Post Office Savings Bank Accounts Whole of the amount