Govt. notifies Sovereign Gold Bond Scheme 2021-22
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 23 October, 2021
Latest from Taxmann
G.S.R. 750 (E), dated 21-10-2021
The Government has notified Sovereign Gold Bond Scheme 2021-22. The Sovereign Gold Bonds will be issued in 4 tranches from November 2021 to March 2022.
The Gold Bonds under this Scheme may be held by a Trust, Hindu Undivided Family (H.U.F.), Charitable Institution, University or by a individual person resident in India.
The bonds will be issued in denominations of one gram of gold or multiples thereof. The minimum limit of subscription for the Bonds issued shall be one gram, and the maximum limit of subscription per fiscal year shall be of 4 kg for individuals, 4 kg for HUF, and 20 kg for trusts and similar entities notified by the Government from time to time.
They will be sold through Scheduled Commercial banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL), the authorized stock exchanges, and Clearing Corporation of India Limited (CCIL) or any other entity as may be approved by RBI.
Click Here to Read the Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
