Taxation of Sovereign Gold Bonds: interest is taxable while redemption capital gains for individuals are exempt, transfers get indexation. Interest on Sovereign Gold Bonds is taxable under the Income-tax Act, 1961. Capital gains on redemption by an individual are exempt. Long-term capital ... Summary
Taxation of Sovereign Gold Bonds: interest is taxable while redemption capital gains for individuals are exempt, transfers get indexation.
Interest on Sovereign Gold Bonds is taxable under the Income-tax Act, 1961. Capital gains on redemption by an individual are exempt. Long-term capital gains on transfer of the bonds are eligible for indexation benefits.
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