New Delhi [India], March 31 (ANI): The Income Tax Department will keep a close eye on every transaction on crypto exchanges as the 30 per cent 'crypto tax' proposed in the Union Budget comes into effect from 1st April 2022.

Mumbai Nov 26 PTI The issue price for Sovereign Gold Bond Scheme 2021-22 which will open for subscription for five days from November 29 has been fixed at Rs 4791 per gram of gold the Reserve Bank of India said on Friday The Sovereign Gold Bond Scheme 2021-22 - Series VIII will be open for subscription from November 29 December 03 2021 The nominal value of the bondworks out to Rs 4791 per gram of gold the RBI said Government of India in consultation with the RBI has also decided to offer a discount of Rs 50 per gram on the nominal value to those investors applying online and the payment against the application is made through digital mode For such investors the issue price of Gold Bond will be Rs 4741 per gram of gold it added The issue price of Series VII was Rs 4761 per gram of gold The RBI will issue the bonds on behalf of the Government of India The bonds will be sold through banks except Small Finance Banks and Payment Banks Stock Holding Corporation of India Limited SHCIL designated post offices and recognised stock exchanges viz National Stock Exchange of India Limited and Bombay Stock Exchange Limited The Scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings Price of bond is fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period The bonds will be denominated in multiples of gram s of gold with a basic unit of 1 gram The tenor of the bond will be for a period of eight years with exit option after 5th year to be exercised on the next interest payment dates Minimum permissible investment is 01 gram of gold The maximum limit of subscription is 4 KG for individual 4 kg for HUF and 20 kg for trusts and similar entities per fiscal April-March The Know-your-customer KYC norms will be the same as that for purchase of physical gold PTI NKD MR MR

New Delhi Oct 21 PTI The next tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from October 25 the finance ministry said in a statement on Thursday The bonds under the 2021-22 series will be issued in four tranches during October 2021-March 2022 taking the total to 10 Under the series bonds were issued in six tranches from May 2021 to September 2021 The subscription period for 2021-22 Series-VII will be October 25-October 29 and bonds will be issued on November 2 the finance ministry said in a statement The bonds will be sold through banks except small finance banks and payment banks Stock Holding Corporation of India Limited SHCIL Clearing Corporation of India Limited CCIL designated post offices and recognised stock exchanges National Stock Exchange of India and Bombay Stock Exchange The Reserve Bank of India will issue the bonds on behalf of the Government of India The price of bonds will be fixed in the Indian rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Ltd for the last three working days of the week preceding the subscription period The issue price of the gold bonds will be Rs 50 per gram less for those who subscribe online and pay through digital mode The tenure of the bond will be for a period of eight years with an exit option after fifth year to be exercised on the next interest payment dates The investors will be compensated at a fixed rate of 250 per cent per annum payable semi-annually on the nominal value said the ministry adding the minimum permissible investment will be 1 gram of gold The maximum limit of subscription shall be 4 kg for individual 4 kg for HUF and 20 kg for trusts and similar entities per fiscal April-March Know Your Customer KYC norms will be the same as that for the purchase of physical gold The sovereign gold bond scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings PTI NKD HRS hrs