Gold Monetisation Scheme

Gold Monetization Scheme Deposits by Temple/Religious Bodies State-wise. Eight temples have deposited gold under GMS 2015 so far

Gold Monetization Scheme Deposits by Temple/Religious Bodies State-wise

Ministry of Finance Press Release dated 06-05-2016

Eight (08) temples have deposited gold under Gold Monetization Scheme, 2015 so far and the State-wise details are as under: 

Name of the State Number of temples deposited gold under GMS
Tamil Nadu 04
Maharashtra 02
Andhra Pradesh 01
Jammu and Kashmir 01

The Government does not intend to make it mandatory for temples to deposit in the scheme at any point of time in the future. Government have allowed redemption of long term and medium term deposits in the form of gold land the guidelines to this effect has been issued by RBI on 31st March, 2016.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

 

*****

Share

Recent Posts

  • Income Tax

CBDT extends due date of tax audit for FY 2025-26 to 21st October 2026

CBDT has extended the due date for furnishing Return of Income for Assessment Year 2026-27 (FY 2025-26) in respect of…

2 days ago
  • Income Tax

Denying accumulation of u/s 11(2) merely on grounds of delay in filing Form No. 10 is unsustainable

Denying the accumulation of u/s 11(2) merely on grounds of a procedural delay in filing Form No. 10 is unsustainable…

4 days ago
  • Empanelment

Engagement of 05 Young Professionals CAs at Central Registrar of Cooperative Society

Engagement of 05 Young Professionals CAs in the Office of Central Registrar of Cooperative Society on contractual basis The office…

4 days ago
  • Income Tax

AO can’t take two different stands on immunity u/s 270AA(2) for a same transaction

Immunity u/s 270AA(2) in respect of a single transaction can not be denied to one assessee when the penalty was…

5 days ago
  • Income Tax

ITAT held 2000 gram jewellery reasonable in view of customary practices & CBDT Instruction

ITAT deleted addition u/s 69A towards jewellery found in search in view of Indian traditions, CBDT Instruction and High Court…

6 days ago
  • Income Tax

Documents obtained post search & information obtained from public domain not incriminating material

Documents obtained post search and information obtained from the public domain not incriminating material. Documents obtained by AO post search…

7 days ago