SOVEREIGN GOLD BONDS AND TAX CONSULTANCY

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Sovereign Gold Bonds

Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are issued by the Reserve Bank of India (RBI) on behalf of the Government of India. SGBs are an alternative investment option for those who want to invest in gold without the need to physically own and store the gold.

SGBs were first introduced in 2015 as part of the Government of India's Gold Monetization Scheme. The scheme aims to reduce the demand for physical gold by providing investors with a safer and more convenient way to invest in gold.

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Some key features of SGBs include:

  1. Denominated in grams of gold: SGBs are denominated in grams of gold and the minimum investment is 1 gram. The maximum investment is 4 kg for individuals and Hindu Undivided Families (HUFs) and 20 kg for trusts and similar entities.

  2. Fixed interest rate: SGBs offer a fixed interest rate of 2.50% per annum payable semi-annually on the initial investment amount.

  3. Maturity period: SGBs have a maturity period of 8 years, with an exit option after the fifth year.

  4. Tradable: SGBs are listed on stock exchanges and can be traded on the secondary market.

  5. Tax benefits: SGBs offer tax benefits such as exemption from capital gains tax on redemption and indexation benefits if held till maturity.

SGBs are an attractive investment option for those who want to invest in gold but do not want to bear the cost and risk associated with storing physical gold. SGBs also offer a fixed interest rate, which is not available with physical gold. Additionally, SGBs provide tax benefits that are not available with other forms of gold investment.

In conclusion, Sovereign Gold Bonds are government securities denominated in grams of gold that offer investors a convenient and secure way to invest in gold. They offer a fixed interest rate, tax benefits, and are tradable on stock exchanges, making them an attractive investment option for those who want to diversify their investment portfolio.

Difference Between Various Options To Buy Golds

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We aim to provide you one stop solution. Hence, we have tied up with various CA firms who can provide you following services based your requirements.

  1. Auditing and Assurance Services: CA firms provide auditing services to ensure that the financial statements of their clients are accurate and comply with accounting standards. They also provide assurance services to help clients improve their internal controls and risk management processes.
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  1. Taxation Services: CA firms provide taxation services such as tax planning, tax compliance, and tax advisory services. They help clients minimize their tax liability while ensuring compliance with the tax laws and regulations.

  2. Accounting Services: CA firms provide accounting services such as bookkeeping, financial reporting, and accounting system implementation. They help clients maintain accurate financial records and prepare financial statements in accordance with accounting standards.

  3. Management Consulting Services: CA firms provide management consulting services to help clients improve their business operations and financial performance. They help clients develop business plans, improve their internal controls, and optimize their financial resources.

  4. Corporate Law and Secretarial Services: CA firms provide corporate law and secretarial services such as company formation, compliance with corporate laws, and secretarial services such as maintenance of records and registers, filing of documents with regulators, etc.

In conclusion, CA firms in India provide a range of services related to accounting, taxation, and financial planning. It is important to choose a reputable and experienced CA firm to ensure that you receive high-quality services tailored to your specific needs.

Here are some reputable CA firms across India offering quality services. It's important to note that we don't receive any financial incentives, whether you choose to utilize their services or not. Our aim is to offer a convenient one-stop solution, leveraging our personal connections with these firms to facilitate a smoother connection for you

CA Rishab Bothra

R N Bothra & Co
Address: 2038, Jash Market, Ring Road,
Surat Gujarat, 395002
Phone Number: 0261-4053417
Email: info@rnbothra.com
Website: www.rnbothra.com/
Experience: 10+ Years

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CA Deepak Vagrecha

Vagrecha and Associates
Address: No. 6, 4th floor, TMR tower,
Thubarahalli, Bangalore 560066
Phone Number: +91 99000-09025
Email: cadeepak@vagrecha.com
Website: www.vagrecha.com
Experience: 10+ Years

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CA Tarun Periwal

GGPS and Associates
Address:1157, 11-floor Spaze Itech Park, Sector 49, Gurgaon Haryana, 122018
Phone Number: +91 95300-99996
Email: Mail@catarun.com
Website: WIP
Experience: 5+ Years

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CA Vishal Kabra

V G V K & CO
Address: 116/2 4th Floor 11th Cross Malleswaram
Bangalore 560003
Phone Number: +91 97397-73322
Email: vishal@vgvkco.com
Website: www.vgvkco.com
Experience: 10+ Years

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CA Mukul Bihani

B M A & Associates
Address: Siddha Weston, 9 Weston Street First
Floor, Unit No 102, Kolkata 700013
Phone Number: +91 98831-57911
Email: mukulbihani@gmail.com
Website: WIP
Experience: 12+ Years

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Neeraj Jain & Rishu Agarwalla

One Point Solution
Address:Shanti Mill Building, Ground Floor, Ram Janaki School Road, Dimapur -797112 Nagaland
Phone Number: +91 96816-65892, +91 70022-37209
Email: onepointsolutiondmr@gmail.com
Website: WIP
Experience: 10+ Years

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