https://www.taxtmi.com/news?id=18885 Sovereign Gold Bond 2017-18 Series-III will be issued by RBI for the Government to resident Indian entities in gram-denominated units with an eight-year tenor and exit option from year five. Minimum 1 gram; annual ceilings apply (4 kg individuals/HUF, 20 kg trusts). Issue and redemption prices use the three-business-day simple average of IBJA 999 purity gold; online digital payment receives a discount. Bonds bear 2.50% p.a. interest payable semi-annually, are taxable as income, but redemption by individuals is exempt from capital gains; indexation applies to transfers. Bonds are tradable, convertible to demat, SLR-eligible, and may be used as loan collateral. en-us Sat, 07 Oct 2017 11:34:02 +0530 Sat, 07 Oct 2017 11:34:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18885 Sovereign Gold Bond 2017-18 Series-III will be issued by RBI for the Government to resident Indian entities in gram-denominated units with an eight-year tenor and exit option from year five. Minimum 1 gram; annual ceilings apply (4 kg individuals/HUF, 20 kg trusts). Issue and redemption prices use the three-business-day simple average of IBJA 999 purity gold; online digital payment receives a discount. Bonds bear 2.50% p.a. interest payable semi-annually, are taxable as income, but redemption by individuals is exempt from capital gains; indexation applies to transfers. Bonds are tradable, convertible to demat, SLR-eligible, and may be used as loan collateral. News - Sat, 07 Oct 2017 11:34:02 +0530 https://www.taxtmi.com/news?id=18885