Pre-Budget Quote from Prithviraj Kothari, Managing Director – RSBL

In a bid to make the Sovereign gold bond scheme more attractive, it is expected that the upcoming budget will make the interest received on Sovereign gold bond tax free.  It is suggested that capital gains tax on sale of old gold should be withdrawn.  This will help in channelizing more old gold into the organised trade; jewellery shops and gold refineries, enabling the govt. to earn 3% GST revenue on gold purchased / sale as well.

Pre-Budget Quote from Prithviraj Kothari, Managing Director – RSBL

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