Capital gains tax: Current Affairs, GK & News - 2020-2021

RBI announces sale of Sovereign Gold Bonds

Published: May 31, 2019

The Reserve Bank of India (RBI) announced the issue of Sovereign Gold Bonds (SGBs) on behalf of Government of India. Sovereign Gold Bonds Sovereign Gold Bonds are government securities denominated in grams of gold. They were introduced as substitutes for holding physical gold. The bonds will be restricted for sale to resident individuals, HUFs, trusts, ..

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Sovereign gold bonds on sale between Jan 14-18: Govt

Published: January 14, 2019

The government has decided to issue new series of sovereign gold bonds between January 14 and January 18 at Rs 3,214 per gram and those who subscribe to the bonds online will get a discount of Rs 50 per gram. Sovereign gold bond scheme The Sovereign gold bond scheme was introduced by the government in 2015 to ..

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RBI tweaks Gold Monetisation Scheme

Published: January 11, 2019

The Reserve Bank of India (RBI) has made changes with the Gold Monetisation Scheme (GMS) to allow charitable institutions, central government entities and state government entities to deposit gold under GMS. Now the entities allowed to deposit gold under the scheme include Resident Indians [Individuals, HUFs, Proprietorship & Partnership firms, Trusts including Mutual Funds/Exchange Traded ..

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Capital Gains versus Capital Receipts

Published: May 2, 2018

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings {a prelims question was asked if investment in paintings is a capital gains tax} etc. Difference between Capital Gains and Capital Receipts Though they sound alike, capital gains and ..

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Long Term Capital Gains

Published: April 12, 2018

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings. Capital Gains tax is of two kind viz. Short term and long term. Current policy of the government is that while there is a 15% tax on short ..

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