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3rd Phase of Gold Bonds to be issued on 8th March
Posted on: 07/Mar/2016 4:28:32 PM
The 3rd phase of Gold Bonds is being released on 8th March.
In the first 2 phases recommendations for Rs. 1050 Crores were received.
Applications can be made from 8th March till 14th March for Gold Bonds.
The allotments for these bonds will be done on 29th March.
As per the last budget announcement, when selling Gold Bonds, exemption is given from Source Benefit Tax.Gold Bonds worth 5, 10, 50 & 100 grams Gold Bonds can be bought.
In a given financial year, only up to 500 grams worth of Gold Bonds can be bought.
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