Sovereign Gold Bond Scheme

Income tax on Selling gold

Income Tax - Income Tax Act of India specifies that profit from sale of gold bars, jewelry, coins or utensils or any other form of precious metal will attract tax under capital gains. The profit on sale of your gold holding is taxable under the head “Capital Gains” of Income Tax. Only exception to this is in case […]...

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New Paint On Door One: A Bond Update

Income Tax - The government has executed a re-think on the outstanding GST compensation issues by announcing intent to borrow itself under the Option 1 amount of INR 1,10,000 crores and allocating this to states as loans. It may be remembered that earlier the center had apparently insisted that, while it will ‘facilitate’ the borrowing for states,...

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Taxation of gold and gold products

Income Tax - Profit on sale of your gold is taxable as Capital Gains unless you are a dealer in gold and jewellery in which case it becomes taxable as Business Income...

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Government the real beneficiary of Sovereign Gold Bond Scheme 2020-21

Income Tax - The Sovereign gold bond scheme 2020-21 is launched in VI tranches starting from April, 2020 to September, 2020. Let’s try to understand the scheme and whether it is really beneficial for the retail investors or the government will be the real beneficiary under this scheme. ...

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Why Investment in sovereign gold bond scheme is better than investment in Physical Gold

Income Tax - Why Investment in sovereign gold bond scheme (SGBs) is better option than to invest in Physical Gold. Now, when we talk about the investment in Physical Gold it is quite important to know the other options as available to invest in gold that is the SGBs. Investing in physical gold had been a traditional approach […]...

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Sovereign Gold Bond Scheme 2020-21

Press Release: 2019-2020/2213 / Notification No. G.S.R. G.S.R. 250(E). - (13/04/2020) - The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:...

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Sovereign Gold Bond Scheme-Procedural Guidelines – Consolidated

RBI/2019-20/213 IDMD.CDD.2730/14.04.050/2019-20 - (13/04/2020) - Sovereign Gold Bond Scheme of Government of India-Procedural Guidelines-Consolidated- Sovereign Gold Bonds are issued by Government of India as Government of India Stock in accordance with Section 3 of Government Securities Act, 2006...

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Sovereign Gold Bond Scheme (SGB) 2020-21- Series I, II, III, IV, V, VI

RBI/2019-20/212 IDMD.CDD. No.2729/14.04.050/2019-20 - (13/04/2020) - The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above...

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Recent Posts in "Sovereign Gold Bond Scheme"

Income tax on Selling gold

Income Tax Act of India specifies that profit from sale of gold bars, jewelry, coins or utensils or any other form of precious metal will attract tax under capital gains. The profit on sale of your gold holding is taxable under the head “Capital Gains” of Income Tax. Only exception to this is in case […]...

Read More
Posted Under: Finance |

New Paint On Door One: A Bond Update

The government has executed a re-think on the outstanding GST compensation issues by announcing intent to borrow itself under the Option 1 amount of INR 1,10,000 crores and allocating this to states as loans. It may be remembered that earlier the center had apparently insisted that, while it will ‘facilitate’ the borrowing for states,...

Read More
Posted Under: Finance |

Taxation of gold and gold products

Profit on sale of your gold is taxable as Capital Gains unless you are a dealer in gold and jewellery in which case it becomes taxable as Business Income...

Read More
Posted Under: Finance |

Government the real beneficiary of Sovereign Gold Bond Scheme 2020-21

The Sovereign gold bond scheme 2020-21 is launched in VI tranches starting from April, 2020 to September, 2020. Let’s try to understand the scheme and whether it is really beneficial for the retail investors or the government will be the real beneficiary under this scheme. ...

Read More
Posted Under: Finance |

Why Investment in sovereign gold bond scheme is better than investment in Physical Gold

Why Investment in sovereign gold bond scheme (SGBs) is better option than to invest in Physical Gold. Now, when we talk about the investment in Physical Gold it is quite important to know the other options as available to invest in gold that is the SGBs. Investing in physical gold had been a traditional approach […]...

Read More
Posted Under: Finance |

Why Sovereign Gold Bonds should be preferred over Physical Gold & Gold ETFs

What is Sovereign Gold Bond Scheme and Why Sovereign Gold Bonds should be preferred over Physical Gold and Gold ETFs? Gold has marched ahead of all other assets over the past 1/3/5-year timeframe in terms of investment returns. The Gold ETFs has given 47.79% in last one year as on 05th May’2020. Financial Planners advise […]...

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Posted Under: Finance |

Gold Rate Chart alongwith its taxability under Income Tax

Rates of Gold and Silver for Wealth Tax valuation Purpose - Valuation of Jewellery- Jewelry Includes: Ornaments made of gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals, whether or not containing any precious or semi-precious stones, and whether or not worked or sewn into any ...

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Posted Under: Finance | ,

Taxation of GOLD

Recently there is lots of ups and down in gold market and its rates. Many other types of precious metal, stones are there but no other can take the place of gold.  Indians are found of Gold; hence let’s explain me about gold and taxation....

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Posted Under: Finance |

Why should you invest in Gold Sovereign Bonds

Gold has traditionally been a major investment product available for the generations upto our parents. Even in the present era where various financial products available, financial planners advise investment of certain percentage in gold for diversification. Indian and specially females, are obsessed with gold, a  major part of which is...

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Posted Under: Finance | ,

Sovereign Gold Bond Scheme 2020-21

Press Release: 2019-2020/2213 / Notification No. G.S.R. G.S.R. 250(E). (13/04/2020)

The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:...

Read More

Sovereign Gold Bond Scheme-Procedural Guidelines – Consolidated

RBI/2019-20/213 IDMD.CDD.2730/14.04.050/2019-20 (13/04/2020)

Sovereign Gold Bond Scheme of Government of India-Procedural Guidelines-Consolidated- Sovereign Gold Bonds are issued by Government of India as Government of India Stock in accordance with Section 3 of Government Securities Act, 2006...

Read More

Sovereign Gold Bond Scheme (SGB) 2020-21- Series I, II, III, IV, V, VI

RBI/2019-20/212 IDMD.CDD. No.2729/14.04.050/2019-20 (13/04/2020)

The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above...

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