https://www.taxtmi.com/news?id=22747 The Government will issue Sovereign Gold Bonds through the RBI in multiple tranches, sold via banks, SHCIL, designated post offices and recognised exchanges to specified resident investors. Bonds are denominated in grams, have an eight-year tenor with exit after five years, and are subject to minimum and per-fiscal maximum subscription limits with self-declaration. Issue and redemption prices are based on the three-day simple average of 999 purity gold prices; online subscribers receive a price discount. Bonds pay fixed semi-annual interest (taxable), provide exemption for capital gains on redemption for individuals with indexation on transfers, are tradable, convertible to demat, usable as collateral, and subject to KYC and PAN requirements. en-us Tue, 14 Apr 2020 09:27:05 +0530 Tue, 14 Apr 2020 09:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22747 The Government will issue Sovereign Gold Bonds through the RBI in multiple tranches, sold via banks, SHCIL, designated post offices and recognised exchanges to specified resident investors. Bonds are denominated in grams, have an eight-year tenor with exit after five years, and are subject to minimum and per-fiscal maximum subscription limits with self-declaration. Issue and redemption prices are based on the three-day simple average of 999 purity gold prices; online subscribers receive a price discount. Bonds pay fixed semi-annual interest (taxable), provide exemption for capital gains on redemption for individuals with indexation on transfers, are tradable, convertible to demat, usable as collateral, and subject to KYC and PAN requirements. News - Tue, 14 Apr 2020 09:27:05 +0530 https://www.taxtmi.com/news?id=22747