Tag Archives: Gold Monetization Scheme

Govt to exempt Capital gain and interest on Gold Monetization Scheme 2015

By | March 3, 2016
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Finance Bill 2016 Tax Treatment of Gold Monetization Scheme, 2015 Under the existing provisions of section 10, interest on Gold Deposit Bonds issued under Gold Deposit Scheme, 1999 is exempt. Further, these bonds are excluded from the definition of capital asset and therefore exempt from tax on capital gains. The Gold Monetization Scheme, 2015 has… Read More »

RBI makes Gold Monetization Scheme customer friendly

By | January 21, 2016
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The Reserve Bank of India has today made a few amendments to its Master Direction on Gold Monetization Scheme. The modifications have been made in consultation with Central Government to make the Scheme more customer-friendly. The depositors will be able to withdraw medium term and long term government deposits pre-maturely after the minimum lock-in period… Read More »