Sovereign Gold Bond Scheme issues gold denominated bonds with 2.5% interest, eight year maturity and specified subscription limits. The Sovereign Gold Bond Scheme 2023-24 issues Government of India Stock in gram denominations to resident individuals, HUFs, trusts, charitable institutions and universities, with mandatory PAN and designated receiving offices. Bonds bear interest at 2.50% per annum paid half yearly, mature at eight years with early redemption permitted after five years, are tradable and transferable, may be used as collateral subject to applicable LTV, and have subscription ceilings (4 kg for individuals/HUFs, 20 kg for trusts). Nomination, transfer and taxation rules follow existing government securities regulations.
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 Scheme issues gold denominated bonds with 2.5% interest, eight year maturity and specified subscription limits.
The Sovereign Gold Bond Scheme 2023-24 issues Government of India Stock in gram denominations to resident individuals, HUFs, trusts, charitable institutions and universities, with mandatory PAN and designated receiving offices. Bonds bear interest at 2.50% per annum paid half yearly, mature at eight years with early redemption permitted after five years, are tradable and transferable, may be used as collateral subject to applicable LTV, and have subscription ceilings (4 kg for individuals/HUFs, 20 kg for trusts). Nomination, transfer and taxation rules follow existing government securities regulations.
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 
