Sovereign Gold Bond Scheme 2022 23 issues tradable, demat eligible gold bonds with 2.5% interest and specified subscription limits. The Sovereign Gold Bond Scheme 2022 23 issues Gold Bonds as Government of India Stock to eligible resident persons and entities, in one gram denominations with annual subscription ceilings (4 kg for individuals/HUF; 20 kg for trusts). Bonds carry 2.50% fixed interest payable semi annually, are issued at a nominal value linked to the three day average 999 purity gold price (Rs.50 per gram discount for digital payments), are tradable and dematerialisable, redeemable at eight years with premature redemption after five years, and feature taxable interest but exempt capital gains on redemption for individuals.
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Provisions expressly mentioned in the judgment/order text.
Sovereign Gold Bond Scheme 2022 23 issues tradable, demat eligible gold bonds with 2.5% interest and specified subscription limits.
The Sovereign Gold Bond Scheme 2022 23 issues Gold Bonds as Government of India Stock to eligible resident persons and entities, in one gram denominations with annual subscription ceilings (4 kg for individuals/HUF; 20 kg for trusts). Bonds carry 2.50% fixed interest payable semi annually, are issued at a nominal value linked to the three day average 999 purity gold price (Rs.50 per gram discount for digital payments), are tradable and dematerialisable, redeemable at eight years with premature redemption after five years, and feature taxable interest but exempt capital gains on redemption for individuals.
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