https://www.taxtmi.com/news?id=15136 Sovereign Gold Bond issuance creates a government-backed gold-denominated bond issued by the Reserve Bank on behalf of the Government, sold through banks and designated post offices to resident Indian entities, denominated in gram multiples with an eight-year tenor and exit from year five. Issue and redemption prices are set in rupees using the previous week's IBJA simple average for 999 purity gold; bonds carry a fixed semi-annual interest rate, are tradable/demat-eligible, may be used as collateral with LTV aligned to ordinary gold loans, and remain subject to existing tax treatment for interest and capital gains. en-us Fri, 30 Oct 2015 18:05:45 +0530 Fri, 30 Oct 2015 18:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15136 Sovereign Gold Bond issuance creates a government-backed gold-denominated bond issued by the Reserve Bank on behalf of the Government, sold through banks and designated post offices to resident Indian entities, denominated in gram multiples with an eight-year tenor and exit from year five. Issue and redemption prices are set in rupees using the previous week's IBJA simple average for 999 purity gold; bonds carry a fixed semi-annual interest rate, are tradable/demat-eligible, may be used as collateral with LTV aligned to ordinary gold loans, and remain subject to existing tax treatment for interest and capital gains. News - Fri, 30 Oct 2015 18:05:45 +0530 https://www.taxtmi.com/news?id=15136