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

Form 26 to replace Form 3CD of tax audit report by a CA from Tax Year 2026-27

Form 26 to replace Form 3CD of tax audit report from Tax Year 2026-27 Draft Form 26 has been issued…

7 hours ago
  • Income Tax

When no addition is made on the basis of reasons recorded, reopening is bad in law

When AO do not make any addition on the basis of the reasons on which the reopening was done, the…

8 hours ago
  • Insurance

No separate compensation for loss of love and affection under MV Act – SC

Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…

1 day ago
  • Income Tax

Trust accredited by National Open School eligible for registration u/s 12AB & u/s 80G

Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…

1 day ago
  • Income Tax

Delay in furnishing Form 10B – Covid Period to be excluded as per decision of Supreme Court

Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…

3 days ago
  • Income Tax

Section 271AAB does not grant any immunity from penalty in terms of section 273B

Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…

3 days ago