The Narendra Modi government launched the sovereign gold bond scheme in November 2015. The Sovereign Gold Funds launched are shown in the table below. Against the target of raising Rs 15,000 crore through the issue of gold bonds in the first year alone, the proceeds in 19 months total up t...
Parameter Physical Gold Sovereign Gold Bond Gold ETF Gold Fund Safety Low High High High Purity High – Coins/barsLow – jewellery High High Nil Liquidity High After 5 years High High Minimum Investment Approx INR 5000 (1 gram gold) Approx INR 5000 (1 gram gold) Approx INR 5000 (1 gram ...
If you are not able to invest the specified amount in the manner stated above before the date of tax filing or 1 year from the date of sale, whichever is earlier, deposit the specified amount in a public sector bank (or other banks as per the Capital Gains Account Scheme, 1988). Only...
Athletics: Idowu strikes Spanish GOLD ; Phillips on course for glorious OlympicsStephen Bond in Valencia
If a person is unable to utilize the capital gain or invest the same in another property or bond before the tax filing due date which is usually 31 Jul, then he can invest capital gain with Capital Gains Account Scheme (CAGS) to buy more time. He can easily withdraw at the time of ...