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        Direct Taxes

        Para 15 - Tax Treatment

        Sovereign Gold Bond Scheme 2020-21 (From Series VII)

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        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.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              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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