Taxation of sovereign gold bonds: interest taxable under income tax law; redemption gains exempt; indexation on transfers. Interest on Sovereign Gold Bonds is taxable under the Income-tax Act; capital gains on redemption to an individual are exempt, and long-term capital gains ... Summary
Taxation of sovereign gold bonds: interest taxable under income tax law; redemption gains exempt; indexation on transfers.
Interest on Sovereign Gold Bonds is taxable under the Income-tax Act; capital gains on redemption to an individual are exempt, and long-term capital gains on transfer of the bond are eligible for indexation benefits.
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