Gold Bonds Immunities and Exemptions Act, 1993 Section 5 - Bare Act

State	Central Government
Year	1993
Section Title	Gold Bonds Not to Be Taken into Account in Certain Cases

Act Info:

Without prejudice to the generality of the provisions of Section 4,

(a) The provisions of the Income-tax Act, 1961shall not apply to-

(i) Any interest accruing to the subscriber from the Gold Bonds;

(ii) Any long-term capital gains arising to the subscriber;

(b) The provisions of the Gift-tax Act, 1958 shall not apply where the gift of the Gold Bonds is made by a subscriber, being an individual, to his spouse, child or parent.