SOVEREIGN GOLD BOND SCHEME 2020-21. INVESTMENT IN GOLD WITH REGULAR INTEREST INCOME
- Series III available between June 08 to 12, 2020.
- Available in the multiples of 1 gms each.
- Interest rate: 2.5% p.a., paid semi-annually.
- Tenure: 8 years. (Early withdrawal allowed at 5 years).
can also be sold on the stock exchange at any time.
Taxation:
➡️ Interest on these bonds is taxable.
➡️ Appreciation (Capital gain) of the amount received on redemption (after 8 years) is tax free.
➡️ Capital gains on sale in the market is liable to Short term Capital Gain (holding below 1 years)/Long term Capital Gain with indexation (holding above 1 years).
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