Taxation of Sovereign Gold Bonds: interest is taxable while redemption capital gains for individuals are exempt, indexation allowed. Interest on Sovereign Gold Bonds is taxable under the Income Tax Act, redemption capital gains to an individual are exempt, and long term capital gains on transfer of 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, indexation allowed.
Interest on Sovereign Gold Bonds is taxable under the Income Tax Act, redemption capital gains to an individual are exempt, and long term capital gains on transfer of bonds are eligible for indexation benefits.
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