GOLD DEPOSIT BONDS MAY BECOME YOUR KEY TAX SAVING INSTRUMENT

If you have gold idly lying with you and it is unable to generate any income except its incremental price, then you may opt for gold deposit bond.

Gold deposit bonds issued under gold deposit scheme, 1999 notified by central government is also an hot investment option for those investor who have investment in the form gold like in the form jewellery , gold bars, sovereigns etc

The key highlights of this scheme are as follows

1.  It provide annual interest of 2% p.a

2.  Interest earned on the bonds and capital gain arising from the transfer or redemption would be exempt from income tax

3.  Wealth is also not get attracted on these bonds

4.  It is easily redeemable at any point of time and more over redemption is on the fair market value prevailing in the market at the time of redemption

This option is opt by many users and they are taking the advantages of this scheme

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