Now, get tax-free interest on gold deposits
The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.
May 20, 2015, 14:32 PM IST
Gold monetisation scheme: Interest on deposits to be tax-exempt
Seeking to mobilise gold held by households and institutions, government on Tuesday came out with a draft scheme under which a person or entity can earn interest by depositing the metal with banks.
May 19, 2015, 15:10 PM IST
Gold monetisation scheme: One can deposit as low as 30 grams
The government on Tuesday released draft guidelines on gold monetisation scheme to mobilise the gold held by households and institutions.
May 19, 2015, 14:48 PM IST
Bullion firms welcome gold scheme, unhappy over duty status quo
The industry players, however, expressed disappointment over no reduction in customs duty on the metal.
Feb 28, 2015, 19:19 PM IST
