https://www.taxtmi.com/news?id=18347 The Government, with the Reserve Bank, issues Sovereign Gold Bonds to resident Indian entities, denominated in gram multiples with a per-entity subscription cap and one-gram minimum; issued as Government of India Stocks with holding certificates and demat conversion option. Issue and redemption prices are based on IBJA weekly average gold prices with a specified per-gram discount on issue; bonds are tradable on recognised exchanges, usable as collateral with LTV aligned to ordinary gold loans, and eligible for SLR. Interest is fixed and payable semi-annually; interest is taxable while capital gains on redemption by individuals are exempt and indexation applies on transfers. KYC and distributor commission rules apply. en-us Fri, 07 Jul 2017 16:35:19 +0530 Fri, 07 Jul 2017 16:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18347 The Government, with the Reserve Bank, issues Sovereign Gold Bonds to resident Indian entities, denominated in gram multiples with a per-entity subscription cap and one-gram minimum; issued as Government of India Stocks with holding certificates and demat conversion option. Issue and redemption prices are based on IBJA weekly average gold prices with a specified per-gram discount on issue; bonds are tradable on recognised exchanges, usable as collateral with LTV aligned to ordinary gold loans, and eligible for SLR. Interest is fixed and payable semi-annually; interest is taxable while capital gains on redemption by individuals are exempt and indexation applies on transfers. KYC and distributor commission rules apply. News - Fri, 07 Jul 2017 16:35:19 +0530 https://www.taxtmi.com/news?id=18347