Before Diwali you have an excellent opportunity to buy cheap gold from the market. However, it is not physical gold. The Reserve Bank of India has decided to release the 8th series of Sovereign Gold Bond Scheme.
Buyers can buy it from November 9 and have the opportunity to buy until November 13. The settlement date is November 18th. The issue price of Sovereign Gold Bond is Rs 177 per gram. If an investor buys online, he will get a separate discount of Rs 50 per gram. It will also benefit from making digital payments. For a digital buyer, the price of gold will be Rs 5,127 per gram.
A maximum of 400 grams of gold bonds can be purchased In the
Sovereign Gold Bond Scheme, a person can buy a maximum of 400 grams of gold bonds in a financial year. So, there needs to be at least one gram. You can save tax by investing in this scheme. Bonds will be banned from being sold to trustees, HUFs, trusts, universities and religious institutions. So, the maximum per capita will be 4 kg, 4 kg for HUF and 20 kg for trusts and the same per financial year (April-March).
The page number does
investor's PAN is required with every application of SGB. Applications can be made through all commercial banks (except RRB, Microfinance Bank and Payment Bank), Post Office, Stock Holding Corporation of India Limited (SHCIL), National Stock Exchange of India Limited and Bombay Stock Exchange or direct agents.not necessarily
get gold in physical form
sovereign gold bonds physical form. It is more secure compared to physical gold. As far as purity is concerned, since it is in the form of electronics, its purity cannot be doubted. It will be subject to long-term capital gains tax after three years. However, capital gains tax will not be levied till maturity. So it can be used for loan. If we talk about redemption, it can be sold anytime after five years.
No comments:
Post a Comment