https://www.taxtmi.com/news?id=17506 Issue of Sovereign Gold Bond Series IV authorises RBI to issue gold-linked government stocks for resident Indian entities; bonds are denominated in grams with an eight-year tenor and exit option from the fifth year. Subscription is subject to a per-entity annual cap enforced by self-declaration and a one-gram minimum. Issue and redemption prices are based on the prior week's simple average gold price (999 purity) as published by IBJA; payment may be made by cash up to a ceiling, draft, cheque or electronic banking. Bonds carry a fixed semi-annual interest, are eligible for demat, tradable on stock exchanges, SLR-eligible, usable as collateral, and governed by specified KYC and tax treatment rules. en-us Thu, 23 Feb 2017 18:05:52 +0530 Thu, 23 Feb 2017 18:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17506 Issue of Sovereign Gold Bond Series IV authorises RBI to issue gold-linked government stocks for resident Indian entities; bonds are denominated in grams with an eight-year tenor and exit option from the fifth year. Subscription is subject to a per-entity annual cap enforced by self-declaration and a one-gram minimum. Issue and redemption prices are based on the prior week's simple average gold price (999 purity) as published by IBJA; payment may be made by cash up to a ceiling, draft, cheque or electronic banking. Bonds carry a fixed semi-annual interest, are eligible for demat, tradable on stock exchanges, SLR-eligible, usable as collateral, and governed by specified KYC and tax treatment rules. News - Thu, 23 Feb 2017 18:05:52 +0530 https://www.taxtmi.com/news?id=17506