Articles - Personal Finance
Best Ways To Invest In SGB
Since the year 2015, when investment in sovereign gold bonds (SGBs) were first permitted, the gold bond scheme has emerged as a preferred vehicle to participate in gold in a non-physical mode.
Since the year 2015, when investment in sovereign gold bonds (SGBs) were first permitted, the gold bond scheme has emerged as a preferred vehicle to participate in gold in a non-physical mode.
A duly filed Income Tax Return (ITR) allows tax authorities to assess the net tax liability of an individual, if any, after adjusting for advance tax paid via tax deducted or collected at source
The income tax department penalises you for late filing of income tax returns under several sections
In the last meeting of the Monetary Policy Committee (MPC) on 30th September 2022, the RBI had hiked the repo rates by 50 bps for the third time in succession
These bonds are typically issued by different public sector undertaking, some of which include National Highways Authority of India (NHAI), Power Finance Corporation Ltd. (P.F.C.), National Bank for Agriculture and Rural Development (NABARD), Housing and Urban Development Corporation Ltd. (HUDCO), etc, with the primary motive to raise funds for a specific reason for a fixed time period, and are offered at a pre-determined coupon rate. As issued by the PSUs, these include a very low credit risk. Section 10, Income Tax act allows the exemption of interest earned on these bonds. Also, the bonds are traded on stock exchanges.
The article provides you a complete knowledge regarding the variety of available government securities in the market. It is your duty and responsibility to ensure good knowledge before investing just to maintain safety.