https://www.taxtmi.com/news?id=16362 The fourth tranche of Sovereign Gold Bonds will be issued by the Reserve Bank on behalf of the Government, sold through banks, SHCIL, designated post offices and recognised exchanges; eligibility is limited to resident Indian entities, denomination is in grams with minimum 1 gram and maximum 500 grams per person per fiscal year, tenor is eight years with exit from year five, issue and redemption prices are based on the prior week's IBJA average for 999 purity gold, interest is fixed and payable semi-annually, bonds are Government of India stock convertible to demat, usable as collateral with LTV parity to gold loans, interest is taxable while redemption capital gains for individuals are exempt, and bonds are tradable and SLR-eligible. en-us Fri, 15 Jul 2016 10:42:46 +0530 Fri, 15 Jul 2016 10:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16362 The fourth tranche of Sovereign Gold Bonds will be issued by the Reserve Bank on behalf of the Government, sold through banks, SHCIL, designated post offices and recognised exchanges; eligibility is limited to resident Indian entities, denomination is in grams with minimum 1 gram and maximum 500 grams per person per fiscal year, tenor is eight years with exit from year five, issue and redemption prices are based on the prior week's IBJA average for 999 purity gold, interest is fixed and payable semi-annually, bonds are Government of India stock convertible to demat, usable as collateral with LTV parity to gold loans, interest is taxable while redemption capital gains for individuals are exempt, and bonds are tradable and SLR-eligible. News - Fri, 15 Jul 2016 10:42:46 +0530 https://www.taxtmi.com/news?id=16362