https://www.taxtmi.com/news?id=16953 Deposit Certificates under the Gold Monetisation Scheme, 2015 are excluded from the definition of capital asset and thus exempt from capital gains tax; interest income on such Deposit Certificates is also exempt from income-tax. These amendments are effective from the first day of April, 2016 and apply to the assessment year commencing thereafter and subsequent years. en-us Fri, 25 Nov 2016 18:58:02 +0530 Fri, 25 Nov 2016 18:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16953 Deposit Certificates under the Gold Monetisation Scheme, 2015 are excluded from the definition of capital asset and thus exempt from capital gains tax; interest income on such Deposit Certificates is also exempt from income-tax. These amendments are effective from the first day of April, 2016 and apply to the assessment year commencing thereafter and subsequent years. News - Fri, 25 Nov 2016 18:58:02 +0530 https://www.taxtmi.com/news?id=16953