Scheme will allow govt to tap into 20,000 tonnes of yellow metal lying in Indian households Indians looking to INVEST IN GOLD bonds may be able to enjoy exemption from capital gains tax as the proposal is expected to be taken up in the next budget, the government said after it unveiled the details of the proposed gold bond and gold monetisation schemes. “The department of revenue has said that they will consider indexation benefit if bond is transferred before maturity and complete capital gains tax exemption at the time of redemption,“ Economic Affairs Secretary Shaktikanta Das told reporters, after the Cabinet approved the twin schemes that seek to reduce the country's massive GOLD IMPORTS . Indexation benefit refers to paying tax only on real gains after adjusting for inflation. The gold monetisation scheme will allow the government to tap into an estimated 20,000 tonnes of yellow metal lying in Indian households and bring into the banking system, boosting domestic supply