Eligibility for Investment: Sovereign Gold Bonds available to trusts, HUFs, charitable institutions, universities and resident individuals. Eligibility confines Sovereign Gold Bond holdings to Trusts, HUFs, Charitable Institutions, Universities and persons resident in India, including individuals holding personally, for minors, or jointly. Definitions reference the Foreign Exchange Management Act for 'person' and 'resident in India,' and elaborate 'Trusts,' 'Charitable Institution,' and 'University' by reference to the Indian Trusts Act, Companies law, Income Tax certificates, Societies Registration Act and the University Grants Commission Act.
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.
Eligibility for Investment: Sovereign Gold Bonds available to trusts, HUFs, charitable institutions, universities and resident individuals.
Eligibility confines Sovereign Gold Bond holdings to Trusts, HUFs, Charitable Institutions, Universities and persons resident in India, including individuals holding personally, for minors, or jointly. Definitions reference the Foreign Exchange Management Act for "person" and "resident in India," and elaborate "Trusts," "Charitable Institution," and "University" by reference to the Indian Trusts Act, Companies law, Income Tax certificates, Societies Registration Act and the University Grants Commission Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
