GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Government Unveils Fourth Tranche of Sovereign Gold Bonds. It will be open for investment by resident individuals and institutional investors from 18th to 22nd July 2016

News and Press Release - Dated:- 18-7-2016 - The Ministry of Finance has launched the 4th Tranche of Sovereign Gold Bonds (SGB) and it will be open for investment by resident individuals and institutional investors from 18th to 22nd July 2016. The 4th tranche of the SGB scheme is the first series in 2016-17. Based on average of last week prices of physical gold, the issue price of the 4th tranche has been fixed at 3119 per gram of gold. SGB was announced in the Budget 2015-16 with a view to redu .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

orm and can be used as collaterals for availing loans. SGB shall be repayable on the expiration of eight years from the date of the issue and premature redemption is permitted after 5th, 6th and 7th years from the date of issue of SGB. To attract small investors, the minimum subscription has been reduced to 1 gm, although the maximum remains at 500 gm per person/institution. Further, SGB is also exempt from capital gains tax on redemption. Indexation benefit is also be available to long term cap .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version