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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        FEMA & RBI

        Sovereign Gold Bond Scheme 2020-21 (Series V) – Issue Price

        August 1, 2020

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        In terms of Government of India Notification No.4(4)-B/(W&M)/2020 dated April 13, 2020, Sovereign Gold Bonds 2020-21 (Series V) will be opened for the period August 03-07, 2020 with Settlement date August 11, 2020. The issue price of the Bond during the subscription period shall be ₹ 5,334 (Rupees Five thousand Three hundred thirty four only) – per gram, as also published by RBI in their Press Release dated July 31, 2020.       

        The Government of India in consultation with the Reserve Bank of India has decided to allow discount of ₹ 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be ₹ 5,284 (Rupees Five thousand Two hundred eighty four only) per gram of gold.

        Sovereign Gold Bond issue price reduced for online digital payments during the Series V subscription window, with specified settlement arrangements. Sovereign Gold Bonds 2020-21 (Series V) are open for a defined subscription window with a specified settlement date and a fixed issue price per gram as published by the RBI. A discount applies to investors who apply online and pay via digital modes, resulting in a reduced issue price for such digitally paid 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.

                                Sovereign Gold Bond issue price reduced for online digital payments during the Series V subscription window, with specified settlement arrangements.

                                Sovereign Gold Bonds 2020-21 (Series V) are open for a defined subscription window with a specified settlement date and a fixed issue price per gram as published by the RBI. A discount applies to investors who apply online and pay via digital modes, resulting in a reduced issue price for such digitally paid subscriptions.


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