Which Digital Gold Investment Platform is Best? What is Paper Gold? Paper gold is a piece of paper which acts as a substitute for physical gold. You can buy paper gold in the form of Sovereign Gold Bonds, Gold Exchange Traded Funds and Gold mutual funds. Sovereign Gold Bonds Sovereign Gold...
although the bonds are denominated in grams of gold, initial investment is made in indian Rupee cash and final redemption is in Indian Rupee cash. The bonds are actually issued by the Reserve Bank of India on behalf of the Government. The bonds’ issue price in Rupee is based on the avera...
Gold Sovereign Bond Scheme:In order to encourage passive but direct gold investment, as an alternative to purchasing physical gold,Modi led Governmentsanctioned a Sovereign Gold Bond Scheme in November 2015. Under this scheme, investors have to pay the issue price in cash ...
How much is exempt: Investment in the new asset or capital gain whichever is lower or pay tax of 8,24,000. Long Term Capital Tax with indexation (at 20%):8,24,000 The LTCG could be claimed exempt from tax if the gain(41.2 lakhs) is re-invested the purchase of capital bonds within...
The resultant LTCG could be claimed exempt from tax if the gain is re-invested in a specified manner. One such reinvestment that qualifies for the exemption is the purchase of government-notified bonds (to the extent of the LTCG) within 6 months from the sale of the property). You need ...