TaxTMI 
TaxTMI 
norms on gold monetisation scheme
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....orms on gold monetisation scheme <br>News and Press Release<br>Dated:- 25-11-2016<br><BR>Press Information Bureau Government of India Ministry of Finance 25-November-2016 17:25 IST Government has ....
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....recently issued norms on gold monetisation scheme. Based on the feedback received from the stakeholders of the scheme and the reviews held, Government has allowed following Tax Exemptions: i). Deposi....
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....t Certificates issued under Gold Monetisation Scheme, 2015 notified by the Central Government, are excluded from the definition of capital asset and hence are exempt from capital gains tax. ii). Inte....
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....rest income on Deposit Certificates issued under the Gold Monetisation Scheme, 2015 is also exempt from income-tax. These amendments are effective from the 1st day of April, 2016 and shall accordingl....
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....y apply in relation to assessment year 2016-17 and subsequent years. This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabh....
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....a today. ***** DSM/KA<BR> News - Press release - PIB....