https://www.taxtmi.com/news?id=23250 The Government, through the Reserve Bank of India, issues Sovereign Gold Bonds in multiple tranches denominated in grams of 999 purity gold, sold via banks, SHCIL, designated post offices and stock exchanges. Eligibility is restricted to resident individuals, HUFs, trusts, universities and charitable institutions with one gram minimum and fiscal-year subscription ceilings; PAN and KYC are mandatory. Bonds carry an eight-year tenor with an exit option after year five, pay fixed semi-annual interest, are tradable and convertible to demat, can be used as collateral with LTV parity to gold loans, and attract taxable interest while individual redemptions are exempt from capital gains with indexation benefits. en-us Sat, 10 Oct 2020 09:39:17 +0530 Sat, 10 Oct 2020 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23250 The Government, through the Reserve Bank of India, issues Sovereign Gold Bonds in multiple tranches denominated in grams of 999 purity gold, sold via banks, SHCIL, designated post offices and stock exchanges. Eligibility is restricted to resident individuals, HUFs, trusts, universities and charitable institutions with one gram minimum and fiscal-year subscription ceilings; PAN and KYC are mandatory. Bonds carry an eight-year tenor with an exit option after year five, pay fixed semi-annual interest, are tradable and convertible to demat, can be used as collateral with LTV parity to gold loans, and attract taxable interest while individual redemptions are exempt from capital gains with indexation benefits. News - Sat, 10 Oct 2020 09:39:17 +0530 https://www.taxtmi.com/news?id=23250