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        Direct Taxes

        Para 11 - Payment Options

        Sovereign Gold Bond Scheme 2022-23 (Starting From Series I)

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        Payment options for Sovereign Gold Bonds allow rupee payments by cash (subject to limit), cheque, demand draft or electronic transfer. Para 11 requires that payments for Sovereign Gold Bonds be made in Indian Rupees by cash (subject to a specified cash limit), demand draft, cheque, or electronic banking; cheques and demand drafts must be drawn in favour of the Receiving office.
                          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.

                                Payment options for Sovereign Gold Bonds allow rupee payments by cash (subject to limit), cheque, demand draft or electronic transfer.

                                Para 11 requires that payments for Sovereign Gold Bonds be made in Indian Rupees by cash (subject to a specified cash limit), demand draft, cheque, or electronic banking; cheques and demand drafts must be drawn in favour of the Receiving office.


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