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        Direct Taxes

        Para 19 - Commission for mobilizing subscription

        Sovereign Gold Bond Scheme 2021-22 (starting from Series VII)

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        Commission for mobilising subscription: receiving offices pay a fixed commission and must share it with agents procuring subscriptions. A fixed commission is payable to Receiving offices for subscriptions to the Sovereign Gold Bond Scheme 2021-22 at the rate of one currency unit per hundred units of total subscriptions received, and Receiving offices must share at least half of that commission with agents and sub agents who procure the subscriptions.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Commission for mobilising subscription: receiving offices pay a fixed commission and must share it with agents procuring subscriptions.

                                A fixed commission is payable to Receiving offices for subscriptions to the Sovereign Gold Bond Scheme 2021-22 at the rate of one currency unit per hundred units of total subscriptions received, and Receiving offices must share at least half of that commission with agents and sub agents who procure the subscriptions.


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