https://www.taxtmi.com/circulars?id=4815 Gold received on redemption of National Defence Gold Bonds is treated as acquired on the date of redemption, with cost of acquisition equal to the market value of the bonds on that date; whether gains on a later sale are short-term or long-term depends on the period between that redemption date (acquisition date) and the subsequent transfer. en-us Thu, 14 Mar 1985 00:00:00 +0530 Sat, 02 Aug 2008 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4815 Gold received on redemption of National Defence Gold Bonds is treated as acquired on the date of redemption, with cost of acquisition equal to the market value of the bonds on that date; whether gains on a later sale are short-term or long-term depends on the period between that redemption date (acquisition date) and the subsequent transfer. Circulars Income Tax Thu, 14 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4815