Cabinet to take up Gold Monetisation Scheme in few weeks

Last Updated: Wednesday, July 22, 2015, 15:22

The scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

Now, get tax-free interest on gold deposits

Last Updated: Wednesday, May 20, 2015, 14:32

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.

Gold monetisation scheme: Interest on deposits to be tax-exempt

Last Updated: Tuesday, May 19, 2015, 15:10

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.