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Indian Laws - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

New Provisions on Electronic Gold Receipt (EGR) :- 1. For the ...

Indian Laws

February 2, 2023

New Provisions on Electronic Gold Receipt (EGR) :- 1. For the purpose of capital gain conversion of gold to EGR and vice versa is excluded from purview of 'Transfer" 2. Cost of acquisition of EGR shall be the cost of gold in hands of the assessee for the prupose of 'Capital Gain'. 3. Period of holding for EGR would include date on which gold first acquired and vice versa

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