Redemption price of Sovereign Gold Bond Scheme 2017-18 – Series II due on July 28, 2025, shall be ₹9,924/-
Final redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for final redemption of SGB 2017-18 Series-II due on July 28, 2025.
The Sovereign Gold Bond Scheme 2017-18 – Series II was notified on 06.07.2017. The Gold Bonds under this Scheme may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.
The Gold Bond was to be matured on the expiration of eight years from the 28th day of July 2017 and on maturity, the Gold Bonds was to be redeemed in Indian Rupees and the redemption price to be taken was to be based on simple average of closing price of gold of 999 purity of previous week (Monday to Friday) published by the India Bullion and Jewellers Association Limited (IBJA).
Accordingly, the final redemption date of Sovereign Gold Bond Scheme 2017-18 – Series II falls on July 28, 2025.
RBI has issued a Press Release stating that the redemption price for the final redemption due on July 28, 2025, shall be ₹9,924/- (Rupees Nine Thousand Nine Hundred Twenty-Four only) per unit of SGB based on the simple average of closing gold price for the week July 21- 25, 2025.
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…