SOVEREIGN GOLD BOND SCHEME 2020-21
INVESTMENT IN GOLD WITH REGULAR INTEREST INCOME
- 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.
- 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 are liable to Short Term Capital Gain for holding below 1 year and Long term Capital Gain with indexation for holding above 1 year.
- Holding method: Physical and Demat account.
- Can be used as collateral for Loans.
- Zero risk against holding actual Gold.
Ashutosh Investment Advisory
A Division of
ASHUTOSH FINANCIAL SERVICES PVT. LTD.
• Investments • Insurance • Income Tax & Succession Planning • NRI Services
Ashutosh Investment Services
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