https://www.taxtmi.com/news?id=17502 Sovereign Gold Bonds 2016-17 Series IV will be issued by RBI on behalf of the Government, restricted to resident Indian entities, denominated in grams with minimum one gram and an annual subscription cap of 500 grams per person. Issue and redemption prices are based on the preceding week's simple average IBJA 999-purity gold closing prices; bonds issued as Government of India Stocks are convertible to demat. Bonds carry a fixed 2.50% annual interest payable semi annually, allow exit from year five, are tradable on stock exchanges shortly after issuance, eligible for SLR and usable as collateral. Interest is taxable, and capital gains on redemption for individuals are exempt with indexation benefits on transfers. en-us Thu, 23 Feb 2017 11:27:50 +0530 Thu, 23 Feb 2017 11:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17502 Sovereign Gold Bonds 2016-17 Series IV will be issued by RBI on behalf of the Government, restricted to resident Indian entities, denominated in grams with minimum one gram and an annual subscription cap of 500 grams per person. Issue and redemption prices are based on the preceding week's simple average IBJA 999-purity gold closing prices; bonds issued as Government of India Stocks are convertible to demat. Bonds carry a fixed 2.50% annual interest payable semi annually, allow exit from year five, are tradable on stock exchanges shortly after issuance, eligible for SLR and usable as collateral. Interest is taxable, and capital gains on redemption for individuals are exempt with indexation benefits on transfers. News - Thu, 23 Feb 2017 11:27:50 +0530 https://www.taxtmi.com/news?id=17502